News

Confluent/HRA Enters Connecticut Senior Living Market

September 19, 2019, Steve Monroe, SeniorCare Investor - Confluent Senior Living and Harbor Retirement Associates are entering the Connecticut market with their development of a 113-unit assisted living/memory care community in the greater Hartford area. …

Elevation Financial Group Acquires Four Properties

September 19, 2019, Ben Swett, SeniorCare Investor - Elevation Financial Group is making a name for itself in the affordable seniors housing market, having just announced two acquisitions comprising four properties in two states.  First, the Orlando, Florida-based real estate…

With Assisted Living Pickups, Symphony Post-Acute Targets Wider Swath Of Care Continuum

September 18, 2019, Maggie Flynn, Skilled Nursing News - In a U.S. health care landscape dominated by calls to shift from silos to episodic care, skilled nursing facilities have been feeling the pressure to expand their reach.  For the Chicago-based Symphony Post Acute Network, that urge…

NIC Takeaways

September 18, 2019, Steve Monroe, SeniorCare Investor - The record crowd of 3,300 attendees were mostly positive about the market despite the headwinds.  After spending four days last week in Chicago with my 3,300 best friends, my one big takeaway is the continued positivity…

Skilled Nursing Provider Athena Settles DOJ Probe Over Opioid Denials As Feds Promise More Crackdowns

September 18, 2019, Alex Spanko, Skilled Nursing News - The federal government this week announced a settlement with a regional skilled nursing chain that officials accused of discriminating against residents with opioid use disorder.   Athena Health Care Systems will adopt a non-discrimination…

Healthcare Trust Buys In San Diego

September 11, 2019, Ben Swett, SeniorCare Investor - It’s been a while since we’ve seen Healthcare Trust Inc. as a buyer in the seniors housing market.  Well, the public, non-traded REIT has acquired a 91-unit/117-bed senior living community in San Diego, California, for…

HHC Finance Closes Several SNF Loans

September 10, 2019, Ben Swett, SeniorCare Investor - Housing & Healthcare Finance (HHC Finance) closed $24 million in HUD financing for a portfolio of three skilled nursing facilities with a total of 264 beds in Tennessee.  The experienced borrower refinanced conventional…

Cascade Capital Group Adds To Illinois Portfolio

September 6, 2019, Ben Swett, SeniorCare Investor - Three acquisitions in the last month counts as a spree, right?  Well, then Cascade Capital Group is in the middle of one, having announced its acquisition of two Chicagoland skilled nursing facilities through its affiliate Legacy…

Avenida Partners With Passco On Two New Projects

September 6, 2019, Ben Swett, SeniorCare Investor - Active adult developer Avenida Partners teamed up with Passco Companies, a California-based commercial real estate company, on its two latest projects in Palm Desert, California and Germantown, Tennessee. …

Diversicare Completes Kentucky Exit With 10-Building Transfer

September 5, 2019, Alex Spanko, Skilled Nursing News - Diversicare Healthcare Services (OTCQX: DVCR) this week announced the successful completion of a 10-building transfer that saw the skilled nursing operator exit the Kentucky market entirely.  The handoff was completed on August 30, according…