Tutera Senior Living & Health Care Acquires the Lodge at Manito Assisted Living Community in Illinois

MANITO, Ill. – Tutera Senior Living & Health Care, a Kansas City-based senior health care provider, announced it has purchased The Lodge at Manito. Located in Manito, Illinois, on eight acres, the community provides assisted living and memory care – the first and only dedicated memory care community in the Manito area. Over the past 38 years, Tutera has developed expertise in providing senior living experiences for individuals living with memory loss through its THRIVE in the Courtyard memory care program, which will be available to the residents of Manito.

“The Lodge at Manito has an exceptional reputation in the area for providing quality care and services,” said Randy Bloom, president and chief operating officer of Tutera. “We are excited by the opportunity to combine our years of senior living experience to an existing, well-operated community to achieve superior outcomes.”

The community opened in 2017 by the Mason County Health Department, which was the first of its kind in the state – no other health department in Illinois owns an assisted living property. Tutera and the health department will have a collaborative relationship that will benefit the residents of The Lodge at Manito.

“We did the groundwork to get The Lodge at Manito up and running; now it’s time to build off the health department’s success and bring in an expert like Tutera who knows senior living,” said Curt Jibben, public health officer of the Mason County Health Department. “Tutera’s brand and values align perfectly with The Lodge at Manito, and we’re excited for this partnership to further our mutual goal of providing the best care to the older population in Mason County.”

The community will adopt Tutera’s YOUNITE philosophy – a way to get to know residents on a personal level to provide a unique and one-of-a-kind experience where needs are properly met. Because of YOUNITE, The Lodge at Manito will offer team members, services, amenities and culture that work together to support residents’ independence and honor their individuality.

“At Tutera, we understand that each community is different, and as a result, we must understand what opportunities exist on a community-by-community basis,” said Bloom. “Tutera provides many resources to the community team, including systems, processes and programs to engage both the residents and the team members. Consistent with our YOUNITE philosophy, we will initially spend a great amount of time listening. Only then will we create an operational plan specific to the needs of The Lodge at Manito.”

The Mason County Health Department will continue to support Tutera to better service the seniors of Manito and Mason County.

Alta Senior Living Acquires a 175-unit Independent and Assisted Living Community in Margate, Florida with Plans to Invest an Additional $6.5M in Renovation Capital to Further Enhance the Community.

MARGATE, Fla. – Alta Senior Living recently closed on their first senior living community in Florida with the recent acquisition of Waterside Landing, a 175-unit independent and assisted living community in Margate, Florida. Upon closing, the operations was successfully transitioned to Alta Senior Living, Inc.

Over the next 12 months, Alta Senior Living will invest another $6.5 million in renovation capital to further enhance the community and convert 22 units on the first floor from assisted living to secured memory care.
“Waterside Landing is exactly the type of acquisition opportunity we’re seeking right now,” said Douglas Brawn, Principal of Alta Senior Living. “This community has so much potential, and we immediately saw the vision during our first community tour. It took us several months to tailor the right business plan, but we’re excited to complete the renovation work, enhance the design and amenities, and convert half of the first floor to secured memory care.”

The current residents and staff are excited about the upcoming changes too. “We took the time to meet with the residents and staff during the process to truly understand their needs, desires, and concerns,” said Sean O’Malley, VP of Operations at Alta Senior Living. “The health and welfare of our residents is always our top priority, so we wanted to incorporate them throughout the planning and improvement process.”

With the successful addition of Waterside Landing, Alta Senior Living is now working on several additional acquisition opportunities within Florida and California markets. “Although many investors are still on the sidelines, we’re excited about the opportunities we’re seeing right now,” said Scott McCorvie, CFO and EVP of Investments at Alta Senior Living. “We feel it’s the perfect time to acquire established communities, infuse strategic renovation capital, and transition out remote operator groups with our local, knowledgeable management teams.

With corporate offices in Santa Monica, California and West Palm Beach, Florida, Alta Senior Living is a fully-integrated senior living investment, development, and operations company that owns and/or operates over 530 units in three states. Additional information can be found on www.altasenior.com, or by contacting Scott McCorvie at scott.mccorvie@altasenior.com.

Lifespace Communities Welcomes Newcastle Place to its Family of Communities

WEST DES MOINES, Iowa- Lifespace Communities is pleased to announce that it has acquired Newcastle Place and will add the beautiful community to its family of continuing care retirement communities (CCRCs).

The acquisition of Newcastle Place, located in Mequon, a suburb of Milwaukee on Lake Michigan’s western shore, brings the family of continuing care communities to 16. Newcastle Place, with 257 residences on 52 acres, joins six other Lifespace communities in the Midwest.

Lifespace and Newcastle Place share compatibility across many areas, including commitment to service, quality, and diversity, complementary resident mix and an excellent resident and team member experience and culture.

“We believe Newcastle is a great fit for Lifespace as we share similar values and organizational cultures,” said Lifespace President and CEO Jesse Jantzen. “As a not-for-profit organization dedicated to providing extraordinary care and service, we are furthering our passion and commitment of celebrating the lives of seniors by welcoming a very strong community into the Lifespace family.”

Given Lifespace’s strong reputation as a leading operator of CCRCs backed with a healthy balance sheet, the company is receiving interest from other entities that are interested in becoming a part of the Lifespace family of communities. “The energy in our strategic pipeline is palpable which I view as an affirmation of the dedicated Lifespace team members that serve and support our residents, and each other, every day of the year.” Jantzen further added, “Only after considerable due diligence and analysis, of which culture is a critical component, do we proceed down a path towards coming together.”

Lifespace, based in West Des Moines, Iowa, is one of the nation’s largest not-for-profit owners and operators of continuing care retirement communities and has been providing service to its residents for more than 40 years. It serves more than 5,100 residents and employs more than 3,900 team members.

About Lifespace Communities
Lifespace Communities, Inc., based in West Des Moines, Iowa, is a not-for-profit organization proudly serving older adults for more than 40 years. Founded in 1976, Lifespace Communities has grown to own and operate 16 continuing care retirement communities in nine states, serving more than 5,100 residents and employing more than 3,900 team members. For more information about Lifespace and its communities, visit LifespaceCommunities.com.

La Fontaine Memory Care Joins SilverPoint Senior Living

DALLAS, TX — SilverPoint Senior Living announced a new partnership with La Fontaine Memory Care. This partnership will bring a proven assisted living and memory care management team with experienced professionals and an engaged program to benefit the residents of La Fontaine of Frisco.

“As SilverPoint is continuing to grow, we want to be strategic as we add to the portfolio of communities we manage. We truly connected on a personal level with the ownership group and both agreed that SilverPoint can add value to the La Fontaine community,” says Shawn Corzine, Chief Executive Officer at SilverPoint. “We are thrilled to add La Fontaine Memory Care to the SilverPoint family.”

“We are excited to partner with SilverPoint and look forward to working with them at La Fontaine Memory Care. Paramount Healthcare’s expertise has historically focused on individuals needing skilled nursing care. Since La Fontaine Memory Care is our only assisted living community, we felt it was crucial to partner with a management team that had an excellent reputation for providing the best assisted living care and leadership to our residents and employees. We were very purposeful in choosing the partner to help us manage La Fontaine,” says Lauren P. Golden, Owner of La Fontaine. “With SilverPoint, we felt not only the personal connection with the ownership and management, but also we saw first-hand their commitment to caring for individuals in assisted living communities. We truly look forward to watching them make every day for our seniors at La Fontaine a better day than yesterday!”

About SilverPoint Senior Living

SilverPoint Senior Living is a Texas senior living management company that specializes in operating independent living, assisted living, and memory care communities. Their management services include portfolio management; development and acquisition; accounting and financial; marketing and sales; and IT and digital transformation. SilverPoint is strongly committed to its five core values of family, purpose, fun, integrity, and dignity, and is known for its signature Engaged Life program in which residents enjoy a person-centered care approach designed to make their lifestyle more similar to home. It is also a certified 2021 Great Place to Work®. For more information about SilverPoint Senior Living, please visit www.silverpointsl.com or call 830-730-4472.

Three Crowns Park Evanston IL

Covenant Living Communities and Services and Three Crowns Park Sign Affiliation Agreement

SKOKIE, Ill.: Covenant Living Communities and Services, a not-for-profit faith-based senior living organization headquartered in Skokie, announces it has entered into an affiliation agreement with Three Crowns Park, a senior living community located in Evanston, Illinois. Under this agreement, Three Crowns Park will become part of the Covenant Living organization. Covenant Living will assume overall management and operations of Three Crowns Park with shared governance and leadership upon closing anticipated for July 1, 2021.

Three Crowns Park is a seven-acre single-site senior living community established more than 125 years ago. It is home to 150 residents with independent living, assisted living, assisted living memory care and skilled nursing.
“Covenant Living and Three Crowns Park have a shared mission and values, along with a unique common background of being established by Swedish immigrants in the Chicago area more than a century ago,” said Terri Cunliffe, president and CEO of Covenant Living. “This affiliation broadens our presence in this market area and continues our commitment to serving older adults in an environment that fosters engaging and active lifestyles.”

The affiliation will provide Three Crowns Park additional strength and access to resources for operational efficiencies, management expertise, as well as capital improvements.

Covenant Living is among the top 10 not-for-profit senior housing and service providers in the nation with 17 communities in nine states. In Illinois, Covenant Living operates communities in Chicago, Northbrook, Carol Stream, and Batavia. The affiliation with Three Crowns Park will be the eighteenth senior living community for Covenant Living.
“We are excited for an even brighter future by becoming part of the Covenant Living family through this affiliation,” said Phil Hemmer, Three Crowns Park CEO. “It is a well-respected and progressive organization that values a culture of innovation and embraces a shared vision. This affiliation will only benefit our residents, their families, and our employees.”

ABOUT COVENANT LIVING COMMUNITIES AND SERVICES
Chicago-based Covenant Living Communities and Services is a not-for-profit, senior services provider. It serves 5,500 residents at 17 senior living communities in nine states and offers independent living, assisted living, skilled nursing, memory care, and rehabilitation. Through its LifeConnect®, a whole person wellness model, residents can access resources and opportunities that are designed to enrich the mind, body, and spirit and complement each person’s unique journey. Covenant Living is a ministry of the Evangelical Covenant Church and has been serving seniors since 1886. For more information, visit www.covliving.org, LinkedIn, Facebook, and Twitter.

ABOUT THREE CROWNS PARK
Evanston, Illinois-based Three Crowns Park is a not-for-profit Continuing Care Retirement Community with a dedication to service and caring for seniors since 1894. It offers independent living, assisted living, assisted living memory care and skilled nursing. For more information, visit www.threecrownspark.org.

Deerfield and Grand Lodge Ownership Transition

OMAHA, Neb., and WEST DES MOINES, Iowa– Immanuel Communities and Lifespace Communities, both not-for-profit owners and operators of continuing care retirement communities (CCRCs), reached a mutual agreement to transfer ownership and management of Lifespace’s Des Moines, IA., and Lincoln, Neb.-based campuses into Immanuel’s family of retirement living communities. Terms of the agreement are not being disclosed at this time.

Lifespace’s Deerfield and Grand Lodge at the Preserve communities will officially join the Immanuel family in Q3 of 2021. The Deerfield and the Grand Lodge campuses will add a combined 349 apartments with of a care level mix of independent living, assisted living, memory care, residential care, and skilled-nursing and long-term care to Immanuel’s portfolio of continuing care retirement communities.

Lifespace and Immanuel are committed to providing transparency, exceptional service and support to their residents, team members, and communities as part of a smooth transition.

Deerfield and Grand Lodge at the Preserve are strong fits for Immanuel as it continues to strengthen its Midwest presence in Iowa and Nebraska. The opportunity to welcome Deerfield and Grand Lodge into its family augments Immanuel’s regional focus in Nebraska and Iowa while extending more opportunities to serve team members and residents in these regions.

“We’re excited and humbled by the opportunity to strengthen our commitment to Lincoln and Des Moines and welcome these communities to the Immanuel family,” said Eric Gurley, Immanuel president and CEO. “Immanuel and Lifespace hold similar values in caring for the health, safety, and wellbeing of seniors, team members and their families. We’re honored to strengthen our roots in Nebraska and Iowa as we continue our commitment and mission of Christ-centered service.”

Building on Gurley’s comments, Lifespace President & CEO Jesse Jantzen said: “Immanuel is an ideal organization to carry on the foundation of excellent resident and team member experiences that Lifespace has created together with Deerfield and Grand Lodge at the Preserve. As we sustainably grow our mission in other areas, we confidently and comfortably entrust the wellbeing of residents and team members to Immanuel’s outstanding earned reputation across the region.”

About Immanuel Communities
Immanuel owns and operates 16, 55+ active living, independent living, assisted living and long-term care retirement communities on nine campuses; Immanuel Pathways operates three PACE® Centers in Iowa and Neb.; the Immanuel Community Foundation, supporting residents, participants and employees; and the Immanuel Vision Foundation extends financial support to non-profit, charitable 501(c)(3) organizations that share purposes in alignment with Immanuel’s service centered mission. Learn more at Immanuel.com.

About Lifespace Communities
Lifespace Communities, Inc., based in West Des Moines, Iowa, is a not-for-profit organization proudly serving older adults for more than 40 years. Founded in 1976, Lifespace Communities has grown to own and operate 15 continuing care retirement communities in eight states, serving more than 5,100 residents and employing more than 3,900 team members. For more information about Lifespace and its communities, visit LifespaceCommunities.com.

Coral Reef Aerial

BHI Healthcare Group Arranges $41.8 Million Construction Financing For the Oasis at Coral Reef, New Senior Living Facility in Miami

NEW YORK, – BHI, a full-service commercial bank, announced that its Healthcare Group has arranged $41,860,000 in construction financing for the Oasis at Coral Reef, a new 217,123-square-foot luxury senior living facility under development in Miami, adjacent to Jackson South Medical Center. BHI has provided financing of $31,860,000 and Coastal States Bank $10 million. The borrower is Royal Senior Care, which owns and operates senior living facilities in the Southeastern United States with a primary focus in South Florida.

The Oasis at Coral Reef will offer a total of 201 catered living, assisted living and memory care units in three buildings spread over an 8.67-acre campus. Royal Senior Care facilities feature gourmet restaurant-style dining, boutique hotel décor, and a variety of luxury amenities.

The Coral Reef transaction marks BHI’s second for Royal Senior Care. In 2018, the bank arranged a refinancing of the company’s Oakmonte of Davie senior housing facility.

“We regard healthcare as a highly strategic vertical within BHI. We are committed to the future of this growing sector and to supporting our healthcare clients such as Royal Senior Care,” said Gil Karni, CEO of BHI.

“BHI has proven to be a highly supportive partner over the years. BHI’s healthcare team is expert in the intricacies of the senior living sector and understands our business. We are very pleased to collaborate with them again,” said Sean Kanov, Managing Director of Royal Senior Care.

“Although 2020 was a challenge for many senior living, assisted living and memory care operators, BHI believes in the outlook and demographics of the business. We continue to support our clients and provide financing in the sector. Royal Senior Care has a keen understanding of the market. Its communities with their exceptional amenities offer great appeal for residents,” said Tami Antebi, First Vice President and Head of BHI Healthcare.

“BHI aims to build long-term relationships with clients by becoming acquainted with their business objectives and providing tailored financial solutions to meet them. Royal Senior Care has a substantial track record of success in the Florida senior care industry. We look forward to continuing our productive partnership going forward,” said Steven Caligor, EVP, Division Executive of Structured Finance Group at BHI.

Waldron Staff By New Sign

Aperion Care Waldron Welcomes New Ownership; Renamed Waldron Rehabilitation and Healthcare Center

WALDRON, IND. – Aperion Care Waldron announces it has changed ownership. Renamed Waldron Rehabilitation and Healthcare Center, the 79-bed subacute and skilled nursing facility provides a broad spectrum of care, including long- and short-term care and rehabilitation, in an intimate and compassionate environment.Waldron Staff By New Sign-Cropped.jpeg

The new ownership team is a group of skilled nursing facility managers and operators based in Indiana and the Midwest. The ownership change was effective November 1, 2020.

“In these challenging times, it is very reassuring that our new ownership team has years of know-how, shared values and a great group of experienced experts – based right here in the Midwest – to support our care team,” said Manoj Berry, the center’s Administrator.

Waldron Rehabilitation and Healthcare Center will benefit from the hands-on attention that comes from a smaller, but very skilled “non-corporate” ownership and management team. The team has overseen operations at similar-sized care centers, in rural and suburban communities around the Midwest, and brings many new ideas that have been very successful at other facilities.

Implementing “Genuine Hometown Care”

“Our new owners view Waldron Rehabilitation and Healthcare Center as a world of family and friends,” said Berry. “They share core principles and standards that reflect the people and beliefs of our region: Genuine Hometown Care, Community Integration, and Employees are Family.”

Waldron Rehabilitation and Healthcare Center is known for its focus on providing hometown care with a commitment to fully integrating with the healthcare needs of the Waldron, Ind., community. As it continues to grow, the center will benefit from working with a skilled, hands-on regional ownership team.

“The ownership group has significant experience in overseeing operations at similar-sized care centers in rural and suburban communities around the Midwest,” Berry noted. “We anticipate incorporating new ideas that have been successful at their other facilities as we work to advance our mission of excellence in care.”

About Waldron Rehabilitation and Healthcare Center

Waldron Rehabilitation and Healthcare Center is a 79-bed subacute and skilled nursing facility in Waldron, Ind., providing long-term care, short-term care, rehabilitation, occupational therapy, physical therapy, rehab-to-home, speech therapy, hospice care, and respite care. The center is currently accepting new admissions for short-term rehabilitation and long-term care. For further information, please contact Sarah Jones at (317) 512-7341 or visit the Waldron Rehabilitation and Healthcare Center website at www.waldronhc.com.

Kisco Senior Living Purchases Atria Park of Woodbridge

Carlsbad, Calif.,– Kisco Senior Living, a senior living and lifestyle management company, today announced it has signed a definitive agreement to acquire Atria Park of Woodbridge, an assisted living and memory care community located in Irvine, California, formerly owned by Healthpeak and operated by Atria Senior Living. Additionally, the community will be renamed Woodbridge Terrace of Irvine after a resident poll was conducted to select a new name. The closing date was December 16. Terms of the sale are not being disclosed.

“Woodbridge Terrace of Irvine is a beautiful community in a fantastic location,” said Andy Kohlberg, CEO of Kisco Senior Living. “We have a large presence throughout California, and we saw this as an opportunity to expand our footprint in southern California. We are committed to retaining staff at the community and working with Healthpeak and Atria Senior Living to make this transition as seamless as possible. We have already engaged residents in selecting the new name of the community. We are dedicated to serving our new residents and committed to providing the exceptional care and an enriched lifestyle they deserve.”

Woodbridge Terrace of Irvine is a 103,000 square-foot community that features 139 apartments. The community recently completed a $9 million renovation project, which entailed the conversion of existing assisted living apartments to create a memory care neighborhood that features dedicated dining and activity areas as well as an outdoor courtyard. The executive director will remain in place at the community, and Kisco Senior Living will be hiring two new sales directors to help increase occupancy.

ABOUT KISCO SENIOR LIVING

For more than 30 years, Kisco Senior Living has specialized in developing and managing full-service senior living communities that provide an enriched lifestyle. All 20 communities in the Kisco portfolio feature a wide spectrum of individualized services and lifestyle options. Our unique approach and philosophy, called Kisco Confidence, is centered on giving residents and associates peace of mind knowing that our communities deliver on safety and security, trust and transparency, health and wellbeing and a 5-star lifestyle experience.  For more information, please call (760) 804-5900 or go to kiscoseniorliving.com.

“We are excited to bring Kisco’s principles, values and beliefs to Woodbridge Terrace of Irvine,” said Kohlberg. “Our team is committed to our Kisco Confidence philosophy, centered on giving residents and associates peace of mind knowing that we provide the safest place to live and work, deliver five-star service, and treat everyone with integrity, dignity and compassion.”

Kisco Senior Living owns and operates 20 additional communities located in California, North Carolina, Florida, Virginia, and Utah.

Alfonso Montiel

Acquisition of Comfort Care Hospice Leads to Name Change, Appointment of new CEO

DALLAS, TX – Comfort Care Hospice, a leading hospice care provider serving the Dallas-Fort Worth market, has been acquired and rebranded as SilverStone Hospice. The rebranding signals the acquiring group’s expansion plans and enhanced purpose, which will soon include upcoming home health care and palliative care service lines. Additionally, Alfonso Montiel has been named as SilverStone Hospice’s chief executive officer.

“Our goal is to grow a Texas-focused business through aggregating a series of acquisitions. We are benefiting from a highly fragmented market serving a rising demand and gaps in levels of care.” said Montiel, CEO at SilverStone Hospice. “Our mission is to empower families to provide the best care and experience for their loved ones.”

Fifty years ago, the first U.S. hospice resulted from one person, the dean of the Yale School of Nursing, becoming a volunteer caring for the dying during her year-long sabbatical at hospice in London. Fifty years later, Montiel began his journey in end-of-life care as a vigil volunteer. Inspired by the passing of a close relative, he began caring for patients alongside a hospice care team during a patient’s last hours of life. Through this experience, Montiel gained an awareness for how end of life healthcare businesses can bring connection, purpose and meaning. Convinced of the benefits of home care over hospital settings for terminally ill patients, a year later, he acquired Comfort Care Hospice.

Montiel’s professional profile includes founding a $150 million private equity hedge fund, strategy development for Fortune 500 companies, and serving as CEO for The Lemon Tree Trust, a charitable initiative that supports gardening in refugee camps. He also is a law graduate and earned his Master of Business Administration degree at Columbia University.

Montiel is committed to changing the conversation about hospice. He believes too often that patients are kept in the acute care system for longer than they should be due to various factors, including late physician referrals, lack of family understanding about hospice and cultural barriers.

“I like to say that we work with the living, not the dying,” said Montiel. “Hospice has been proven to prolong life for patients who receive these services early enough in their diagnosis, as they tend to receive better care. At SilverStone, we see plenty of these cases.”

He is joined by industry veterans with track records spanning 30 years in hospice with one goal in mind – to make SilverStone Hospice the pioneering organization in end-of-life-care and to build better opportunities for patients and families to have a voice in their desired end of life care plan.

According to Montiel, SilverStone Hospice offers beyond what’s expected by regulation; filling the gap where other hospice companies fail with its No One Dies Alone program.

“Our clinical team is truly exceptional. The levels of care and support that we provide is an extension of our team’s deep dedication to honoring each patient’s voice and advocating for their needs and wants at the end of life, as we would our own family,” said Montiel.