by Steve Monroe | Sep 9, 2019 6:00 am | Acquisitions
Allen McMurtry and David Kliewer of Cushman & Wakefield’s Tampa office sold The Barrington of Carmel, a 267-unit CCRC just outside of Indianapolis, Indiana, for $61 million, or $228,500 per unit/bed. The Type A entrance-fee community has 137 independent living... Read More »
by Steve Monroe | Sep 4, 2019 6:02 am | 60 Seconds, Opinion
Instead of nursing facilities, a New York Times article goes after assisted living. As many of you are aware by now, there was a not too complimentary op-ed article last Sunday in the New York Times called “How Not to Grow Old in America.” The bottom line, according... Read More »
by Steve Monroe | Sep 2, 2019 6:01 am | Acquisitions
Check out our recent senior care M&A deals. Long-Term Care AcquirerTargetPrice New York-based ownerBirch Gardens of Royal Care & Royal Care Senior Living$5 million Regional owner/operatorChristopher's Personal Care Home$2.75 million Mainstay Senior... Read More »
by Steve Monroe | Aug 30, 2019 6:03 am | Opinion
Just two days ago on these pages, we warned that the share price of Diversicare Healthcare Services was trending dangerously low. We weren’t kidding. The next day the shares were delisted from NASDAQ because they no longer met the minimum market value requirement of... Read More »
by Steve Monroe | Aug 28, 2019 6:03 am | 60 Seconds, Opinion
As we approach Labor Day, we really need to work on solving the industry’s labor problems. I know it’s a bit of a cliché to talk about labor just before Labor Day, but what the Hell. To me, this is the most pressing issue for the entire seniors housing and care... Read More »