Health Wave Partners buys Florida senior living community

Health Wave Partners has acquired Alamar Senior Living, an assisted living and memory care community in Wellington, Florida, PE Hub reported. The transaction value and other financial terms were not disclosed.

The deal involves a senior housing asset serving residents who need assisted living services and memory care. PE Hub identified the property as Alamar Senior Living and located it in Wellington, a municipality in Palm Beach County, Florida.

No purchase price, financing details, seller identity or closing date was reported. Without those terms, the transaction’s valuation and capital structure cannot be assessed from the disclosed information.

PE Hub also reported that David Mills serves as president and chief operating officer of AgeWell Senior Living. AgeWell Senior Living began operating in 2009 as a Florida-based senior living management organization, according to PE Hub.

The disclosed information did not specify the relationship, if any, between AgeWell Senior Living and the Alamar Senior Living transaction. It also did not provide operational metrics for the community, including resident capacity, occupancy or revenue.

Senior living acquisitions typically transfer ownership or control of the underlying operating business, the real estate, or both, depending on the deal structure. In this case, PE Hub reported only that Health Wave Partners acquired the community, leaving the precise structure undisclosed.

The transaction adds to private-capital activity in healthcare services and senior housing, sectors where investors often evaluate demand from aging populations alongside staffing, regulatory and reimbursement pressures. PE Hub classified the report under healthcare.

This story draws on original reporting from PE Hub.