Solera Senior Living expanded its portfolio through the acquisition of SageLife. SageLife’s portfolio includes five high performing seniors housing communities in Maryland, Massachusetts and Pennsylvania. This acquisition brings Solera’s growing portfolio to 14 properties spanning nine states, including a growing concentration in the Mid-Atlantic. In conjunction with the acquisition, founder of SageLife, Kelly Cook Andress, will join Solera’s Advisory Board.
The communities that are now under Solera’s management include Plush Mills (an independent and assisted living community in Wallingford, PA), Daylesford Crossing (an AL and memory care community in Malvern, PA), Village Crossing at Worman’s Mill (AL/MC in Frederick, MD) and Artisan at Hudson (IL/AL/MC in Hudson, MA). This announcement comes less than a month after Solera assumed management of the former BrightView Bethesda Woodmont Assisted Living and Memory Care community upon its acquisition by Focus Healthcare Partners.
