Welltower - McKnight's Senior Living

Welltower

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People in the news, Oct. 6

Appointments, promotions and departures at Bluespire, Brookdale Senior Living, KARE, Lancaster Pollard, National Church Residences, Pleasant Acres Christian Haven, Retirement Unlimited, Thurston Woods Village, Watercrest Senior Living Group and Welltower.

HCR ManorCare made up over half of ProMedica’s revenue in first half of 2020

It’s been a little more than two years since nonprofit health system ProMedica’s $1.4 million acquisition of Quality Care Properties tenant HCR ManorCare and Arden Courts, through a joint venture with Welltower. Although many financial experts were skeptical of the deal at the time, given ManorCare’s bankruptcy filing earlier in 2018, the move appears to be paying off for ProMedica, according to an article Friday in Modern Healthcare.

Business briefs for Thursday, Sept. 24

KeyBank arranges $38M in financing for renovation of Ohio affordable seniors housing community … Greystone provides $13.9M in HUD-insured financing for Seattle seniors housing property … Monticello provides $2M in working capital for 338-bed SNF portfolio in Montana … Merrill Gardens buys out Welltower’s share in two California senior living communities

McKnight’s 40 for 40: Thomas J. DeRosa

Those hoping to get a sneak peek into the future of senior living might consider studying the playbook of Toledo, OH-based Welltower. The REIT has displayed innovative thinking under Tom DeRosa, who has been CEO since 2014.

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