Senior Living Dealbook: HutsonWood Acquires Asbury Place Maryville; Heathos Expands Into Senior Living

Transactions

HutsonWood acquires Asbury Place Maryville

HutsonWood, a nonprofit organization based in Nashville, Tennessee, has acquired Asbury Place Maryville and returned it to its nonprofit roots.

The community has spent the past two years under for-profit leadership, a press release states.

HutsonWood now operates 21 communities across Illinois, Indiana and Tennessee.

Sunshine Retirement sells community to joint venture

Sunshine Retirement Living sold its The Woods at Merrimack to a joint venture between Capitol Seniors Housing and a global alternative asset manager with over $55 billion in assets.

Following the transaction, Sunshine Retirement will continue to manage the community, a press release states.

According to the release, the parties “intend to pursue additional acquisitions and management opportunities together in the senior housing sector, reflecting a shared commitment to quality, innovation and long-term growth.”

Senwell transfers 80 assisted living bed licenses

Senwell, a senior investment advisor firm, advised on the transfer of 80 adult care home bed licenses in Wake County, North Carolina.

A national institutional assisted living owner-operator engaged Senwell after a facility suffered significant damage from a fire and ultimately closed, according to a press release.

The licenses were transferred to a large regional owner-operator while “maximizing the seller’s exit value,” the release states.

Blueprint facilitates sale of Michigan community

A public real estate investment trust engaged Blueprint to sell a 53-unit assisted living and memory care campus in Lansing, Michigan.

The campus features two standalone buildings separately catering to assisted living residents and those requiring memory care and was built in 1997, according to a press release.

A Michigan-based owner and operator was chosen to purchase the community.

Financings

Ziegler prices Carol Woods financing

Ziegler successfully priced $34 million Series 2025 Bonds for Carol Woods, a North Carolina nonprofit.

Proceeds from the financing will be used to refund the balance on a 2024 bank loan, upgrade plumbing, stormwater and sewer infrastructure, renovate and expand existing dining and kitchen facilities, install new elevators, upgrade HVAC infrastructure and upgrade outdoor landscaping and other routine capital expenditures, according to a press release.

Carol Woods operates on 120 acres of land and has 315 independent living units, 89 assisted living beds and 30 skilled nursing beds.

Expansions

Heathos expands into senior living

Heathos, an insurance services ecosystem, has entered into the senior living sector through its subsidiary Sonic Marketing.

The rollout includes Medicare Advantage, Medicare Supplement, and Final Expense products for adults 65 and older, according to a press release.

“This move positions Heathos for sustainable, long-term growth and strengthens our ability to be a trusted partner while ultimately helping seniors secure coverage that meets their specific needs,” Todd Baxter, CEO of Heathos, said in the release.

PointClickCare launches AI-driven plan

PointClickCare has launched its next-generation platform for senior living communities.

The AI-driven platform will be commercially available to customers in 2026 and boasts “key workflow enhancements” including streamlined resident management, paperless move-ins, collaborations with preferred pharmacies, integrated resident billing and actionable reporting dashboards, according to a press release.

“Our platform connects communities to the most extensive healthcare collaboration network in North America. With real-time, complete resident information, teams can coordinate care effectively, respond faster to changing resident needs, and deliver truly personalized services,” Kristy Yoskey, vice president and market leader of senior living at PointClickCare, said in the release.

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