Ventas Inc. announced Monday morning that it will be purchasing Nationwide Health Properties Inc. (NHP) in a $7.4-billion stock deal that will create the nation’s largest health care real estate investment trust (REIT). The combined entity will have more than 1,300 properties in 47 states, the District of Columbia and two Canadian provinces with 643 [...]
Health Care REIT, Inc. (NYSE:HCN) announced Monday that it has signed a definitive agreement to acquire substantially all of the real estate assets of privately-owned Genesis HealthCare (Genesis)for $2.4 billion. Genesis will continue to operate the facilities under a long-term triple-net master lease where the first year rent will provide for $198 million with an [...]
The nursing home to the movie industry may have found a life line with a new agreement after a two year saga over its proposed shutdown. The Motion Picture & Television Fund (MPTF) announced last week that it has entered into a non-binding letter of intent with Providence Health & Services California that will enable [...]
Sunrise Senior Living, Inc. (NYSE: SRZ) announced its fourth quarter and full year 2010 results last week that showed continued progress in its restructuring efforts but remains cautious about its future performance. The company’s fourth quarter net income was $50 million versus $10.4 million during the same quarter of 2009. The increase in the company’s [...]
There’s a booming sound coming from southern California and its a newly proposed 100+ acre retirement community. Originally designed as a retirement community for the LGBT community, the master planned community has evolved into a multi-generational project that will include 300 residences in eight neighborhoods, an entertainment complex, a boutique hotel, a gym, and other [...]
Boomers are postponing retirement for many reasons but the real question is how long will they keep working past their initial expectations for their original planned retirement date. According to a survey of CPA financial planners surveyed by the American Institute of Certified Public Accountants, 50% of boomer clients are planning to work at least [...]
Gentiva Health Services, Inc. (Nasdaq: GTIV) reported its fourth quarter and full-year 2010 results last week that showed the company’s total net revenue increasing to $465.0 million for the quarter and $1.45 billion for the year which is an increase of 26% from 2009. Gentiva, the largest provider of home health and hospice services in [...]
It’s performance review and annual bonus time in corporate America….who will stay, who will go? Stick with Movers and Shakers over the next few weeks and we’ll keep you in the loop on who’s going where…got a scoop about a recent add to your team? Send us your staffing announcements and we’ll be sure to [...]
Who says there is no excitement at the retirement communities these days? A retirement community in Southwest Florida got quite a show after installing a surveillance camera to monitor who had been stealing breakfast sausages from its community cafeteria. After the community showed the video to the local police authorities, they arrested 34-year-old Joshua Abernathy [...]
