As investors have continued to debate the risks associated with skilled nursing operations, the latest quarterly data paints a mixed picture. Occupancy increased through the first two months of 2016, but the impact of tightening managed care rates continued to be felt by providers. Occupancy reached 83.4% as of the end of March, having risen […]
Genesis Healthcare
Despite a strong first-quarter performance, the CEO of Welltower Inc. (NYSE: HCN) is concerned about misinformation that’s affecting investors’ decisions. It’s misinformation about Genesis Healthcare (NYSE: GEN) and skilled nursing audits, and senior housing oversupply, specifically, that’s causing Welltower’s stock to remain undervalued, according to CEO Thomas DeRosa. After all, the Toledo, Ohio-based real estate investment trust (REIT) posted […]
This week, Senior Housing News readers discovered where and how providers can most effectively target their marketing to drive move-ins, courtesy of CWI Associates. Readers also learned about a rapid recovery center that feels more like a hotel than an institutional care facility, REITs’ oversupply concerns, and a pilot program that led to Brookdale Senior Living […]
Nestled near the foothills of Rocky Mountain National Park in Colorado is a rehabilitation and therapy center that is making waves as the new standard in the sub-acute marketplace. Through a round of firsts, a familiar developer well known for its hospitality-focused facilities completed PowerBack Rehabilitation, Lafayette—a rapid recovery center that feels more like a hotel […]
Health care REIT Welltower, Inc. (NYSE: HCN) has purchased a majority stake in a portfolio of six seniors housing properties in Florida as part of a $555 million joint venture with Canada Pension Plan Investment Board (CPPIB), a global investment management organization that invests the assets of the Canada Pension Plan. This is the first investment in […]
Genesis Healthcare (NYSE: GEN), one of the nation’s largest post-acute providers, announced Monday that the company has sold 18 of its assisted living assets located in Kansas. The financial terms of the sale and the buyer were not disclosed. Kennett Square, Pennsylvania-based Genesis used the sale proceeds to repay $54.2 million of its existing bridge loan […]
Anticipating increased competition for referrals, one of the nation’s largest post-acute care providers is going big on alternate payment models in an effort to corner more of the market. Genesis HealthCare (NYSE: GEN) is seeking accountable care organization status for one of its physician groups and is ramping up involvement in a Medicare bundled payment […]
Earnings for Welltower Inc. (NYSE: HCN) for the third quarter reflect record-high funds from operations (FFO) and funds available for distribution (FAD), but soaring asset prices and fluctuating cap rates have the real estate investment trust holding off on major deals. “I think you’ve seen, if you just look at this quarter, our investment activity was […]
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 […]
Armed with a five-year, $5 billion development pipeline, it is clear that developer Mainstreet is betting big on its vision to transform the traditional post-acute skilled nursing facilities of days past. But this quest is not one the company is undertaking alone. The Carmel, Ind.-based Mainstreet has entrusted few operating partners with carrying out its […]
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