Louisville, Kentucky-based Signature HealthCare LLC has acquired the skilled nursing assets of Elmcroft Senior Living, effectively adding 18 skilled nursing and rehabilitation centers to Signature’s holdings, Louisville Business First reported. Financial terms of the transaction were not disclosed. “This strategically works better for us,” Elmcroft CEO Pat Mulloy tells Senior Housing News. “The largest portion of […]
Care Capital Properties
Interplay between skilled nursing facilities (SNFs) and assisted living communities is certainly nothing new, but some signs suggest it makes more sense than ever to co-locate these services. Yet, even with the implementation of the Affordable Care Act and further emphasis on moving patients through the continuum of care as efficiently as possible, industry leaders see […]
Ventas Spin-Off Announces First Acquisition Care Capital Properties Inc. (NYSE: CCP) has announced the completion of its first acquisition since it officially spun off from Ventas Inc. (NYSE: VTR) last month, a transaction valued at $210 million. The acquisition includes eight skilled nursing facilities and one assisted living facility in Shreveport, Louisiana, according to a news release. As […]
With a new pure-play real estate investment trust on the hunt for acquisitions and public policy providing tailwinds for the sector, it appears that a flurry of transactions could bring significant consolidation to the skilled nursing industry in the near future. And with $100 billion of skilled nursing assets currently in private hands, according to […]
Ventas Announces Senior Vice President Promotions Ventas Inc. (NYSE: VTR) on Aug. 27 announced two senior vice president promotions within its asset management business. Christian N. Cummings has been appointed as senior vice president of asset management, focusing on Ventas’ senior housing operating portfolio and enterprise wide dispositions. Cummings joined Ventas in 2002 as an analyst, […]
This week, SHN readers tuned into a trend of consolidation among senior housing operators, as well as a look at inflation in senior housing construction. Readers also delved into recruitment in senior living as companies grapple with succession planning. We looked into how family-owned operators are handling the challenge. SHN Most Read Consolidation Continues: A […]
Ventas Inc. (NYSE: VTR) has now officially spun off the majority of its skilled nursing assets into a new real estate investment trust that began trading Tuesday on the New York Stock Exchange. The new entity, Care Capital Properties Inc. (NYSE: CCP), is pursuing a $900 million pipeline and is looking to grow in key […]
This week, SHN readers were keyed in on an innovative provider betting big on mom-and-pop style memory care, and interested in how developers are targeting a senior housing hotspot. Ventas kicked off the latest round of quarterly earnings with strong results, then followed up with new details about its spin-off. And the heat of high […]
Ventas Inc. (NYSE: VTR) announced firm plans on Thursday for completing the spin-off of a new pure-play skilled nursing real estate investment trust, Care Capital Properties (CCP), further confirming what its leading executives said on a recent call with analysts. The Chicago-based real estate investment trust’s board of directors has approved the spin-off, and Ventas […]
Ventas Inc. (NYSE: VTR) posted strong quarterly results Friday and increased its guidance for the year, thanks largely to a senior housing portfolio that — so far — has not suffered from concerns around supply and other potential market challenges. The Chicago-based real estate investment trust (REIT), one of the largest senior housing owners in […]
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