Assisted Living

Saint Therese to Transition Its New Hope Senior Community to New Ownership

After years of intensive research and deliberation about the future of its New Hope senior living community, aging services provider Saint Therese announces it is transitioning Saint Therese of New Hope to new ownership, supported by senior care provider Compass Healthcare. The transition is expected to be final on August 1, 2024 and the name […]

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Nursing Home Operator LaVie Care Centers Files for Bankruptcy

LaVie Care Centers LLC, which operates 43 nursing homes and assisted living facilities under names including Consulate Health Care, became the latest chain to file for Chapter 11 bankruptcy as the industry grapples with high labor costs, lower occupancy and uneven reimbursement rates. Since the pandemic, the company — once one of the largest operators

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PACS Group Announces Pending Acquisition of Operations at 53 Facilities in Pacific Northwest, Real Estate Joint Venture on Majority of the Locations

PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”) announces that subsidiaries of the Company have agreed to acquire the operations of 53 skilled nursing and assisted/independent living facilities across 8 western states. The facilities are currently operated by Prestige, a family company whose legacy of caring for seniors dates back to the 1940s. The

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