


ER Senior Living CEO Steps Down
Chris Coates, the President and CEO of Abilene, Texas-based ER Senior Living, will be stepping down from those roles and retiring, effective July 1. He will remain a Principal and Board Member in the Evergreen Companies going forward, but Brian Dowd will add CEO to his title, already being the COO and CFO of the company. Mr. Coates founded the management company with Mr. Dowd in 2021 and has grown it to now include communities in Texas, Illinois, and Pennsylvania. Mr. Coates is a veteran of the senior care industry, having previously served as the Chairman of both the American Senior Housing Association and of the Assisted Living Federation of America (now... Read More »
Promising Census Signs From National Health Investors Update
We are still waiting for that first sign that the seniors housing and care recovery has truly begun. There were some encouraging signs from Welltower’s SHOP portfolio when its census started to rise in the later weeks of March. But so far, that is it. Earlier this month, NIC reported that average occupancy at seniors housing communities fell to a new record low in the first quarter, to 78.8% from 80.6% in the fourth quarter. National Health Investors also recently provided an update regarding its average occupancy and monthly contractual cash collections. Even though the REIT did not report an increase in census at its three major seniors housing operators, the decline has slowed... Read More »
NIC Acquires VisionLTC
The National Investment Center for Seniors Housing & Care (NIC) announced March 11 that it has acquired VisionLTC, a North Carolina-based data analytics platform serving the senior care industry. Together, they are creating a new company called NIC MAP Vision, which will be a for-profit affiliate of not-for-profit NIC and will be majority owned by NIC, with the VisonLTC investors owning the remainder. NIC MAP Vision will be led by VisionLTC’s CEO Arick Morton, while Brian Jurutka will remain as CEO of NIC. The two organizations are complementary, as NIC MAP’s product deals with the supply side of seniors housing... Read More »