Onelife Senior Living, a family-owned developer and operator, and Ally Senior Living, a Texas-based operator, have announced they will merge in a deal that will establish the new company in eight states across 19 senior living communities. The companies began merger conversations in 2023 and the deal closed in February 2024. The merger results in a company comprised of 19 communities—nine previously existing Onelife communities, and ten formerly operated by Ally. Onelife has recently entered several new markets, including San Jose, California and Happy Valley, Oregon. The company has plans to acquire approximately five communities in the next 12 to 18 months.
Read the full article: Onelife Senior Living and Ally Senior Living Complete Merger //
Source: https://www.businesswire.com/news/home/20240227841907/en/Onelife-Senior-Living-and-Ally-Senior-Living-Complete-Merger