BMO Harris Facilitates $51M Term Facility for Illinois CCRC with 84 Skilled Beds

BMO Harris Bank’s Real Estate Finance Group announced that it closed on a $51 million facility for Arcapita, Senior Care Development, and LCS to finance the recapitalization of Sedgebrook, a continuing care retirement community in Lincolnshire, Ill. LCS is the parent company of Life Care Services, and has managed the property through that affiliate since […]

Skilled Nursing Must-Reads: ManorCare’s Win, Genesis’s Reinvention

Earnings season has brought a flurry of news from publicly traded skilled nursing operators and landlords, so in case you missed them the first time around, here’s a quick glance at the biggest stories in the SNF world from the past week — including a major structural shakeup at a leading provider. After a judge […]

New CEO Focused on LCS’ Evolving Post-Acute Strategy

A new CEO is set to take the helm at one of the nation’s largest senior living and skilled nursing organizations, and honing the company’s post-acute strategy is among his top priorities. As of Jan. 1, 2018, Joel Nelson will become the CEO of Des Moines, Iowa-based LCS, after Ed Kenny’s 11-year tenure in the […]

LCS Promotes Joel Nelson to President, CEO

Life Care Services (LCS), one of the largest nursing and senior housing companies in the U.S., has promoted Joel Nelson to CEO and president. The leadership change is effective Jan. 1, 2018, the company announced Thursday. Longtime CEO Ed Kenny, pictured above, will remain chairman of the board of Life Care Companies and LCS Holdings. Based in Des Moines, […]