Jarlette Celebrates Opening of Waterside Retirement Lodge in Ontario, Canada

Ventas’ Q4 Normalized FFO Skyrockets 114%, Boosted by NHP Acquisition

Ventas, Inc. (NYSE:VTR) saw its normalized funds from operations (FFO) skyrocket 114% to $259.3 million for the fourth quarter ended Dec. 31, 2011, thanks to acquisitions made in the period. “Ventas delivered excellent results in 2011, as our portfolio performed well while we successfully integrated over $11 billion of accretive acquisitions,” Ventas Chairman and CEO [...]

Health Care REIT’s Q4 Revenue Doubles to $407.4 Million

Following its announcement of expanding into Canada with a 42-property portfolio, Health Care REIT, Inc. (NYSE:HCN) released its earnings results for the fourth quarter ended Dec. 31, 2011, reporting a net income of $42.3 million. This represents an 8% decrease from 2010′s $46 million and may stem from the REIT’s rigorous recent acquisition activity. The [...]

GE Capital Cautious on Short-Term Seniors Housing and Care Market

GE Capital, Healthcare Financial Services announced in late January that it had financed more than $7 billion to customers in 2011 in more than 200 transactions, with a significant portion of that going toward financing senior housing and care. Last year was a good year for the company, according to senior managing director and head [...]

Recent Senior Housing & Care Finance Activity: Lancaster Pollard & Cambridge

Lancaster Pollard Structures Financings for Four Ohio Senior Living Communities Lancaster Pollard recently facilitated $36 million of financing for four Ohio nonprofit senior living communities, led by senior vice president Kass Matt out of the firm’s Columbus, Ohio office. “We were successful in providing historically low interest rates while utilizing flexible and efficient financing vehicles [...]

Ensign’s Net Income Drops 11% in Q4 After Medicare Cuts

The Ensign Group, Inc. (NASDAQ:ENSG) saw its net income drop 11.3% to $10.4 million, or $0.48 per diluted share, compared to the previous year’s $11.7 million for the quarter ended Dec. 31, 2011. The decrease was attributed to the 11.1% reduction in Medicare rates to skilled nursing facilities that went into effect on Oct. 1, [...]