Families Taking Care of Families
Family-run senior living communities have had a long history in our industry, but perhaps not many as long as the Rauls family in Georgia. Going back to their grandfather, who owned and operated one of the first nursing homes in Georgia more than 60 years ago, for John Rauls and his sister Ashley, you can say taking care of the elderly runs in their blood. Their father has also been in the business, and is in fact the Chairman of Rauls Living Inc., with John as CEO and Ashley as COO. Rounding out the C-Suite is the CFO, Jimmy Hill, a non-family member, but no one is holding that against him. John was recently vice president at Southeastern Retirement Management, which had several Rauls... Read More »
New Proposal for Capital Senior Living
As we get closer to the voting date for shareholders to approve of the recapitalization proposal of Capital Senior Living by Conversant Capital, with the full support of Cap Senior’s management and board, at long last an alternative plan has been put forward. We didn’t think that Ortelius Advisors had much of a leg to stand on in their proxy fight without any alternative for shareholders to consider. Now we have one, as loosey-goosey as it may be. Ortelius has proposed a new equity rights offering, which they will backstop and subscribe to well beyond their current pro rata holdings of about 12.7%. They believe that raising up to $70 million of new... Read More »
Interview with Jay Wagner and Aaron Rosenzweig of Cushman & Wakefield
The SeniorCare Investor Editor Ben Swett sits down with Jay Wagner and Aaron Rosenzweig to discuss the current state of the construction lending market. Read More »
Other Healthcare Sectors See Healthy August Acquisition Activity
The summer surge in deal-making continued into August, and across most of the healthcare industry, with a total of 150 deals announced across all 13 healthcare sectors, a 30% increase from August of 2020. However, this was a small dip from last month when there were 155 deals made, but we imagine a few more deals may rise to the surface. This is according to statistics from our new platform LevinPro HC, which features the latest healthcare news, deals, insights and analysis. Last month was an especially busy time for the Physician Medical Groups (PMG) sector, which accounted for nearly 25% of all deals announced in August 2021, with dental and ophthalmology practices making up nearly half... Read More »60 Seconds With Steve Monroe: The Biden Administration Does It Again
The new requirement issued by the Biden Administration to force all nursing home workers to be vaccinated by late September, or else the facility will lose all Medicaid and Medicare funding, has unintended consequences that even a moron could see. The rationale was to “level the playing field,” by which I assume they mean preventing workers from leaving one facility with a vaccine mandate policy for another that does not have one. So gee, make all employees get vaccinated or the facility loses 90% of its revenue sources. If they don’t have staff, they can’t take care of people anyway. The problem is that by picking on nursing homes, the employees who don’t want to get jabbed can go work... Read More »Schedule a demo
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