Mergers/Acquisitions

Five Star Senior Living Inc. Completes Transition of 107 Communities and Fully Exits the Skilled Nursing Business

Five Star Senior Living Inc. (Nasdaq: FVE) announced that it has successfully completed the transition of operations for 107 senior living communities owned by Diversified Healthcare Trust (Nasdaq: DHC) and has fully exited the skilled nursing business. Five Star continues to manage 120 senior living communities owned by DHC. Five …

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UMRC and Porter Hills Foundations Officially Join as One

Just as nonprofit senior living organizations United Methodist Retirement Communities (UMRC) and Porter Hills have affiliated as one organization, so, too, have their fundraising arms. The UMRC Foundation and Porter Hills Foundation boards officially approved the merger into one UMRC & Porter Hills Foundation, effective July 1, 2021.  The merger was …

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New Perspective Expands to Indiana

For more than 20 years, New Perspective has helped older adults Live Life on Purpose® across the Midwest. Now, the company is proud to announce its continued growth and arrival into Indiana with Purpose First Partners, a venture between New Perspective and Boldt Capital. The transaction consists of three senior living communities …

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Welltower Continues Unprecedented Capital Deployment Through $1.3 Billion In Newly Announced Pro Rata Investments

Welltower Inc. (NYSE: WELL) or the “Company” today announced that it has entered into definitive agreements to acquire four distinct seniors housing portfolios for a pro rata gross investment amount of $1.3 billion, subject to customary closing conditions. The execution of these transactions, along with Welltower’s previously announced completion of $4.3 billion of pro rata …

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Milestone Management Deal Adds 19 Communities to Discovery Senior Living’s Portfolio

Discovery Senior Living (“Discovery”) and Ventas have announced the rebranding of 19 former Elmcroft Senior Living communities, which have been reallocated across the Discovery national and regional brand companies/portfolios. Management functions for the communities, which are located in multiple states, were transferred from prior operator Eclipse to Discovery, while Ventas …

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Monarch Alternative Capital, American House Form Partnership to Invest in Senior Housing Properties

Monarch Alternative Capital LP, a leading investment firm with approximately $9 billion of assets under management, and American House Senior Living Communities, a national leader in the senior housing industry, today announced the formation of a joint venture to acquire, develop, and manage senior housing properties across the United States.  Monarch and …

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