Transactions
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Presbyterian Senior Living Announces Purchase of Therapy Provider
Presbyterian Senior Living (PSL), a leading provider of senior and retirement care services based in Dillsburg, has announced the purchase of rehabilitation therapy company, Benchmark Therapies. Jim Bernardo, President & CEO of Presbyterian Senior Living said, “Our core belief is…
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Covenant Living Communities and Services Adds 19th Community to Portfolio
Covenant Living Communities and Services, one of the nation’s largest not-for-profit senior services providers, announces the acquisition of Hillside Village Keene, a Continuing Care Retirement Community (CCRC), located in Keene, New Hampshire. Covenant Living received approval from the District of…
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Legacy Senior Living Expands its Tennessee Family of Senior Living Communities with New Acquisition
Legacy Senior Living, based in Cleveland, Tenn., acquired Main Street Senior Living of Hendersonville, Tenn., on Nov. 1. Legacy Senior Living owns and operates a growing family of 16 senior living and memory care facilities across the Eastern United States. Located…
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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…
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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…
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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…
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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,…
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Harrison Street Forms Joint Venture with Revera to Acquire Four Luxury Retirement Living Communities in Ontario
Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets, and Revera Inc., a leading owner, operator, developer and investor in the senior living sector, today announced the launch of a new joint venture to…
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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,…
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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…