Invesque Shareholders to Vote on Two Proposals
Invesque has called a special shareholder meeting for June 18, 2025, where shareholders will vote on two proposals. First, they will consider enabling Invesque’s board to sell or lease substantially all of the company’s assets through one or more transactions. That could include direct asset sales, the sale of subsidiary equity, mergers, or other business combinations, but the board would have maximum flexibility for any direction, if market conditions are favorable. The board has not yet signed any definitive agreements, but the company has already been selling many of its assets. In October 2024, it announced plans to divest its entire Commonwealth Senior Living-managed portfolio,... Read More »
1st Quarter Investor Call
On Thursday April 24th, The SeniorCare Investor was joined by three expert panelists from the M&A and financing worlds to discuss case studies on deals that are closing right now (but would not have closed 12 months ago). Watch the webinar here. Read More »
LTC Properties Welcomes Dave Boitano
LTC Properties appointed industry veteran, David Boitano, as Executive Vice President and Chief Investment Officer. This followed the promotion of Clint Malin to Co-Chief Executive Officer in December 2024. Boitano has spent most of his seniors housing and healthcare finance career at Ventas, sourcing investments, including RIDEA, with direct underwriting responsibility for more than $5 billion in transactions. He is well liked in the industry and should be a very good fit with the LTC team. LTC’s investment portfolio currently includes 189 properties in 25 states with 30 operating partners. The company is expanding its RIDEA platform. Read More »
Life Care’s Board Unanimously Approves New Chairman and CEO
Life Care Centers of America, which operates more than 200 skilled nursing, post-acute, Alzheimer’s and senior living campuses in 27 states, announced that Aubrey B. Preston has been named the company’s Chairman and CEO. Life Care’s Board of Directors unanimously approved Preston as chairman and CEO after the Bradley County Chancery Court named him the legal conservator for his father, Life Care’s founder and owner Forrest L. Preston. Going forward, Aubrey Preston will lead the company on his father’s behalf. Earlier in his career, Aubrey Preston helped develop Life Care’s nationwide real-estate acquisition strategy. More recently, he is best-known for his philanthropic work in... Read More »
California and Illinois Turnkey Communities Are Up for Bid
Hilco Real Estate announced June 12 as the bid deadline for two assisted living communities, The Courte at Citrus Heights (Citrus Heights, California) and The Landing on Dundee (Wheeling, Illinois). Each community is being sold individually. Bids must be received on or before the deadline of June 12 at 5:00 pm (CT) and must be submitted on the LOI available for review and download from Hilco’s website. Built in 2016 and zoned Restricted Density Multiple Dwelling, The Courte features 48 memory care units with an occupancy rate of 87%. The community is in a region with a robust healthcare network, as healthcare and social assistance account for 13.7% of Sacramento’s workforce. It is... Read More »Schedule a demo
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