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Where Sunrise Senior Living’s New CEO is Taking the Company Next

Four months after moving into a new position as Sunrise Senior Living CEO, Chris Winkle is already well underway with the company’s growth strategy. Last week, Sunrise expanded its partnership with Health Care REIT in at $257 million deal to acquire United Kingdom-based Gracewell Healthcare, with Sunrise taking over the operations of the portfolio and… Read More »

Nursing Home CFOs See Biggest Salary Bump in 2014

Among professionals working in the nursing home arena, chief financial officers (CFOs) saw the largest salary raise among all other personnel, according to the latest wage data from Hospital & Healthcare Compensation Service (HCS). The 37th annual edition of the “Nursing Home Salary & Benefits Report” published by HCS in cooperation with LeadingAge, and supported by… Read More »

Ventas Completes 29-Property Holiday Deal, Atria Takes Over Operations

Ventas, Inc. (NYSE: VTR) has completed its previously announced $900 million all-cash acquisition of 29 Canadian senior living communities from Holiday Retirement, the Chicago-based real estate investment trust (REIT) announced Tuesday.  Louisville, Kentucky-based Atria Senior Living will operate the communities, raising the tally of Ventas’ properties managed by Atria to 173.  The Canadian leadership group from… Read More »

3 Reasons RIDEA Falls Short of Triple-Net Leases

Time is of the essence when it comes to the rate of return realized from RIDEA deals versus triple-net lease transactions for healthcare real estate investment trusts (REITs), according to a recent report from investment research firm Morningstar. The REIT Investment Diversification and Empowerment Act (RIDEA) of 2007 enabled REITs to transform themselves from landlords… Read More »

Apple Set to Tap Into Senior Care With EHR Tech

As health care reform changes the landscape of senior care for providers, tech giant Apple is looking to tap into the market with an electronic health record (EHR) product that the company hopes will make it easier to track patients’ health data, Reuters reports.   Previously, experts suggested the adoption rate of EHR technology could see… Read More »

AEW Expands Portfolio with New $371 Million Senior Housing Fund

AEW Capital Management announced Tuesday it has closed AEW Senior Housing Investors II, L.P. with a total of $371 million in equity commitments, against a target of $250 million. This is the Boston-based real estate investment company’s second senior housing fund, with the first fund being closed in 2009. AEW and its affiliates manage over… Read More »

Movers & Shakers — People and Positions for August, Part III

Presbyterian Communities and Services Appoints Director of Nursing Dallas, Texas-based Presbyterian Communities and Services, a faith-based nonprofit comprised of continuing care retirement communities (CCRCs) and hospice services, has named Toni Walker as director of nursing for Presbyterian Village North. As director of nursing, Walker will be responsible for conducting remote and on-site clinical quality assurance… Read More »

Weathering the Storm: How One CCRC Giant Positions Itself For Success

Post-recession, senior living has been called “recession resistant,” due to undeniable demographics and a growing, needs-based clientele. But all companies struggled during the recession, and entry-fee continuing care retirement communities came into the spotlight in particular as older homeowners opted to remain in their homes through the real estate downturn rather than sell them to… Read More »

Genesis, Skilled Healthcare Merger to Create 500-Property SNF Powerhouse

Genesis HealthCare announced today it has signed a definitive agreement to merge with Skilled Healthcare Group, Inc. (NYSE: SKH) in a 100% stock transaction. Once the transaction is complete, the new company will operate under the Genesis HealthCare name and will be traded on the NYSE. The combined entity will operate a total of 449… Read More »

Home Care Providers Use Hybrid, Pay-Per-Visit Staffing Models to Save Cost

As some senior living and home health care providers address shrinking profit margins due fluctuating supply and demand, some companies say innovative employee pay models have contributed to their success. National home care and hospice provider Oxford HealthCare offers a pay-per-visit model for its health care staff, said Oxford HealthCare President Karen Thomas during the recent… Read More »

Senior Housing Investments & Acquisitions: Diversicare, LCB Senior Living, HCN

Diversicare Announces Acquisition of Operations of 2 Ohio Properties Diversicare Healthcare Services, Inc. (NASDAQ:DVCR), a provider of long-term care services, recently announced the assumption of operations at two facilities in Ohio. The transaction includes a 142-bed skilled nursing facility in Avon, Ohio, and a 42-bed assisted living facility in Ontario, Ohio. These facilities are expected… Read More »