Capital Senior Living Corporation (NYSE:CSU) recently announced a $30 million acquisition of three senior living communities, located in North and South Carolina. The levels of care offered in the portfolio include independent living, assisted living and memory care. The portfolio was financed with approximately $22 million of 10-year fixed rate debt that is non-recourse to [...]
Cigna Corporation (NYSE:CI) has agreed to acquire all outstanding shares of HealthSpring, Inc. (NYSE:HS) for $55 per share for a total transaction value of approximately $3.8 billion, as part of its growth strategy to expand its presence in the seniors and Medicare segment. This represents a 37% premium over HealthSpring’s closing stock price on Friday, [...]
Touch-free connected care innovator BAM Labs recently launched the Touch-free Life Care System that converts any conventional bed into a “smart” bed. The system lets caregivers remotely monitor residents based on their health management needs without having to attach anything to the patient’s body. The TLC sensor mat is placed under the mattress and continuously [...]
Midwest Health, headquartered in Topeka, Kan., recently negotiated the purchase of Park Lane Development’s Assisted Living Communities, including West View Assisted Living in Osceola, Maple Ridge Assisted Living in Oskaloosa, Prarie View Assisted Living in Creston, and Park Lane Assisted Living and Memory Care in Knoxville. Midwest owns and operates 38 senior living communities in [...]
The U.S. Department of Housing and Urban Development (HUD) recently announced it will be insuring a $210 million mortgage loan to St. Francis Hospital in Columbus, Ga., made possible through the Federal Housing Administration’s (FHA) Section 242 Hospital Mortgage Insurance Program. St. Francis Hospital operates a 376-bed hospital and a 60-bed assisted living facility; the [...]
Ventas, Inc., is near the top of the REIT world right now after languishing at the bottom, largely thanks to the tireless efforts of chairman and CEO Debra Cafaro, reports Real Estate Journal. But it hasn’t been an easy journey, and it’s left them drained, Cafaro told a crowd at a ULI forum. “We are [...]
Grubb & Ellis Landauer Valuation Advisory Services announced the creation of a practice focusing on senior housing and healthcare. The practice will be lead by Craig Smith, managing director, who will focus on areas including continuing care retirement communities, assisted living facilities and rental retirement campuses, and others related to the industry. The team has over 50 [...]
The House of Representatives Education and Workforce Committee has countered the National Labor Relation Board’s recent rule with the Workforce Democracy and Fairness Act, and a legislative hearing for the bill was held on Oct. 12. H.R. 3094, introduced by committee chairman John Kline (R-Minn.), addresses the NLRB’s rule that would shorten the time workers have to make [...]
Affiliates of Senior Lifestyle and AEW Capital Management, L.P. have acquired The Woodmark of Sun City in Arizona and The Woodmark of Uptown in Albuquerque, N.M. With the new additions, Senior Lifestyle Corporation’s ownership and management portfolio has grown to more than 70 seniors housing communities across the country. AEW acquired the property on behalf [...]
