Assisted Living

PACE Could Expand amid Possible Nursing Home Closures: InnovAge CEO

InnovAge, the nation’s largest and only publicly traded operator of Programs of All-Inclusive Care for the Elderly, is gearing up for expansion as a proposed nursing home staffing mandate threatens to close more skilled nursing facilities. The Denver-based company operates 17 PACE centers across Colorado, California, New Mexico, Virginia and Pennsylvania. It is scheduled to …

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Newly Formed Senior Living Transformation Company Partners with Omega Healthcare Investors to Launch the Senior Living Transformation Center

The Senior Living Transformation Company (“SLTC”) is pleased to announce its first acquisition of a 113 unit Assisted Living and Memory Care community in partnership with Omega Healthcare Investors (NYSE: OHI). The Senior Living Transformation Center, known as The Rivers at Maryland Farms, is the first acquisition and demonstration pilot for the newly formed partnership. …

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Veda Living Embarks on a Visionary Journey with Acquisition of Spokane’s Colonial Court

Veda Living, a trailblazer in senior living solutions, is thrilled to announce its recent acquisition of Colonial Court, a 48-unit assisted living and memory care community nestled in the heart of Spokane Valley, Washington. Strategically located near Veda Living’s Idaho office, Colonial Court offers a unique advantage—a flagship community in close proximity that fosters creativity, …

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Doylestown Health Closes $80.6M Asset Sale

Financially challenged Doylestown (Pa.) Health has finalized the sale of its Pine Run retirement community, selling it to Presbyterian Senior Living for $80.6 million. The sale, completed Aug. 24, involves both the retirement facility and a related personal care site. Read the full article: Doylestown Health Closes $80.6M Asset Sale // Source: https://www.beckershospitalreview.com/hospital-transactions-and-valuation/doylestown-health-closes-80-6m-asset-sale.html

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