To Build, or To Buy
One thing on the minds of many is that in these heady times in senior care M&A and development, investors are faced with a dilemma: whether to build, or buy (or both). Ben Swett here filling in for Steve Monroe, who is currently wandering around the Argentum conference in San Diego. One thing on the minds of many there is that in these heady times in senior care M&A and development, investors are faced with a dilemma: whether to build, or buy (or both). Buying existing properties comes with its obvious benefits, like cash flow and local brand recognition. But, what a senior wants in a community has changed over the years, meaning that those properties built 10, 20 or 50 years ago... Read More »CCRCs to Become LPCs?
Leading Age announced this week that they are proposing a new name for CCRCs: Life Plan Communities. What is it about all these name changes? First we have Health Care REIT becoming Welltower, followed by ALFA becoming Argentum. Now Leading Age, which already changed its name several years ago, has proposed that the industry adopt a new name for CCRCs, coming up with “Life Plan Communities.” A lot of people have had a desire to get away from the alphabet soup acronyms that are so common (ALFA, ASHA, AHCA, AAHSA), but these acronyms do make it easier at times. Will the new name become LPCs? That sounds a bit clinical to me, but who... Read More »The Name Game
In the last couple of days, two big players in the seniors housing industry announced name changes. First, Thomas DeRosa, CEO of Health Care REIT, announced in a letter to employees that the REIT would be renamed Welltower. Despite this change, the company will still trade under its ticker symbol “HCN” on the New York Stock Exchange. And then following this announcement, the Assisted Living Federation of America (ALFA) unveiled its new name, Argentum. Derived from the Latin for “silver,” the new brand will reflect the organization’s expanded focus on “expanding senior living” for the “silver generation.” While Health Care REIT’s announcement seems to have come out of left field, the ALFA... Read More »Schedule a demo
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