Argentum Members - Please share your company news. Click here to fill out our online form.
Argentum Member News
Hines & Welltower Acquire Midtown Manhattan Site to Develop Seniors Housing and Memory Care Community
The New York office of Hines and Welltower Inc. announced that they have closed on the acquisition of a development site at 139 E. 56th Street on the northeast corner of Lexington Avenue and 56th Street in midtown Manhattan. Existing commercial structures on the site will be demolished to make way for construction of a 15-story senior living community with retail at the base.
Integral Senior Living (ISL)knows well that living a vibrant life at any age is a life worth living. Now the senior living management company is taking the idea of vibrant living a step further by making it easier for residents to be vibrant with its new Vibrant Life® program. In April, ISL is rolling out this innovative program throughout all its communities.
National Health Investors, Inc. announced that it has purchased 8 skilled nursing communities in Texas for $118.5 million totaling 931 apartments. The communities are currently operated by NHI’s existing tenant, Legend Healthcare. Legend has elected to transition all of its current operations to a new operator and NHI has agreed to enter into a new 15-year master lease with affiliates of The Ensign Group, Inc. for an initial annual amount of $17.75 million.
Dina Kelly has been promoted to senior vice president of sales and marketing, the company announced. The move is part of a contemplated restructuring of the sales and marketing department. Kelly joined Senior Lifestyle in 2012.
Silverstone Healthcare Co. will break ground on its new North Dallas senior housing community. HarborChase of the Park Cities is on the east side of the Dallas North Tollway at Sherry Lane in Preston Center. Harbor Retirement Associates will manage the community upon opening in fall 2017.
HCP, Inc. announced that Timothy Schoen, Executive Vice President and Chief Financial Officer, is leaving HCP to become President of BioMed Realty, a real estate company serving the life science industry that was recently acquired by real estate funds managed by Blackstone for approximately $8 billion.
Caring.com Survey Finds Assisted Living Residents Still Mostly Caucasian, But Perhaps That’s Changing?
Caucasian Americans are much more likely than African Americans and Hispanics to consider senior living communities when they and their parents get older, according to a new Caring.com report. However, the findings suggest a major attitude adjustment may be underway.
Autumn Leaves, a leading residential memory care provider, launches a multi-faceted, research-driven musical program, "So Much More To Experience," designed to improve residents' cognitive function, at its 40 communities nationwide beginning this month.
MatrixCare®, the largest LTPAC technology provider in the United States, today joined leading health information technology companies and national health systems in a pledge to make electronic health records work better for residents and providers. The pledge focuses on three areas - consumer access, no blocking/transparency, and standards – with the goal of making accurate and timely health information available to residents, families, and care team members.
Holiday Retirement Strengthens Operations Function to Position Company as the Premier Senior Living Enrichment Brand
Holiday Retirement announced the promotion of several employees to new roles that align to the company’s continued growth and success, and support the company focus to become the premier senior living enrichment brand.
Welltower Inc. announced the launch of the Welltower Foundation. The foundation is focused on positively transforming the quality of life for an aging population, and will support organizations and innovations that promote wellness and improve care for people as they age.
Brookdale Senior Living Inc. announced that Mark Ohlendorf, the Company's President, will step down effective March 18, 2016, and that Kristin Ferge, the Company's Executive Vice President and former Chief Accounting Officer and Treasurer, will step down effective March 11, 2016. Upon the effective date of Mr. Ohlendorf's departure from the Company, Andy Smith, Brookdale's CEO, will assume the role of President and Chief Executive Officer.
With reducing avoidable hospital admissions among older adults important for improving quality of life and cutting healthcare costs, a pilot program shows assisted living can have significant impact on the issue. This finding comes from a three-year initiative involving Brookdale Senior Living and funded by a $7.3 million Centers for Medicare and Medicaid Services Health Innovations Challenge grant. Brookdale, one of the few post-acute care providers to receive...
In December of 2015, Lancaster Pollard sent an online survey to approximately 4,000 leaders at seniors housing and care communities throughout the U.S. Over the course of two weeks, 295 respondents completed the online survey. The survey has a 95% confidence level and a confidence interval of 5.68, meaning that the differences in responses of 6 percentage points or more are statistically significant.
The LaSalle Group has opened Autumn Leaves of Westover Hills, a 54-bed memory care community in San Antonio.
Silversphere Introduces Cutting-Edge Internet Marketing Approach to Maximize Online Presence for Senior Living Communities
Silversphere revealed its latest endeavor in Internet Marketing for Senior Living at a Daytona 500 event hosted for partners, clients, & friends. Silversphere’s proven ATMOS™ Emergency Call System paired with it’s cloud-based partner STRATOS™, have helped senior living organizations keep residents safe while increasing business productivity for many years.
Canada Pension Plan Investment Board and Welltower Inc. have formed a joint venture to purchase a 97.5% interest in a portfolio of six seniors housing communities in Florida, known as Aston Gardens. CPPIB is a 45% owner of the joint venture and Welltower owns the remaining 55%. The aggregate purchase price was US$555 million for the interest of the joint venture.
National Health Investors, Inc. announced the hire of John Spaid as Executive Vice-President of Finance. Mr. Spaid will oversee the company’s banking relationships and financial transactions starting March 8, 2016.
The main focus of Silversphere’s redesign is to ensure the messaging would resonate with family members seeking the highest quality of care for their loved ones. The entire initiative included a new user-friendly website that works great on all devices, custom photography and videography, social media and review site management, and an on-going content strategy to improve user experience and generate new qualified leads.
The LaSalle Group, Inc., a national leader in residential memory care with more than 40 Autumn Leaves® communities nationwide, has named HR executive Kim Alleman as senior vice president of people and culture.