Andrew Christman

1 week ago | seniorhousingnews.com | Andrew Christman

Anthem Memory Care is enhancing its technology suite with new AI platforms in preparation for what is shaping up to be an “exciting year,” according to CEO Isaac Scott. In fact, the West Linn, Oregon-based company is seeking to be among the AI leaders within the senior living industry, according to Scott. AI implementation is becoming increasingly more common within the senior living industry, and many operators are looking to adopt it for a variety of reasons.

1 week ago | seniorhousingnews.com | Andrew Christman

Commonwealth Senior Living again has just one financial partner following Municipal Capital Appreciation Partners (MCAP) repurchasing 20 of its communities formerly owned by Invesque. MCAP purchased the communities from real estate investment trust (REIT) Invesque, which in 2024 sold its interest in Commonwealth and is now seeking to offload “all of substantially all” of its assets. Now, MCAP has a 70% majority ownership in the Charlottesville, Virginia-based senior living management company.

1 week ago | seniorhousingnews.com | Andrew Christman

Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one year. Visit SHN Jobs today. Tod Petty announced he has joined Mainstay Financial Services as its chief investment officer on June 17.

1 week ago | seniorhousingnews.com | Andrew Christman

Brookdale (NYSE: BKD) and Ortelius Advisors have outlined their respective priorities prior to the operator’s annual stockholders meeting next month. In March, Ortelius, which owns 1.3% of Brookdale’s shares, nominated six new members to Brookdale’s board of directors. The activist investor noted it thought the Brentwood, Tennessee-based company and nation’s largest senior living operator could do more to unlock intrinsic value of its senior living real estate.

1 week ago | seniorhousingnews.com | Andrew Christman

With development at a near-standstill, senior living companies have grown via acquisitions of existing properties in recent years, including distressed or underperforming assets. The opportunity of such communities is that operators can manage them and deploy better operational practices in order to bring results up to snuff.