Will Sequester Cuts Crush Senior Care Providers & Investors?

For senior care providers, gearing up for “March Madness” this year probably doesn’t mean filling out an NCAA tournament bracket—it means scrambling for ways to mitigate a new round of reductions to Medicare reimbursement rates currently en route to the industry.  Barring Congressional action, skilled nursing and rehabilitation providers are in for a 2% sequestration-induced […]

Repositioning Projects Grabbing More Senior Living Capital Than Development

Despite chatter about development, many senior living industry giants seem to be focusing more on repositioning, renovating, and rebranding their communities than on building new ones. Brookdale Senior Living spent $7.9 million of net cash in the third quarter as part of its multi-million Program Max initiative to expand, redevelop, and reposition many of its […]

Senior Housing Finance Activity: HFF, HCP, Oak Grove Capital

Healthcare Loan Volume Up 19% in Q3 Although commercial and multifamily mortgage origination volumes were down 7% in the third quarter of 2012 compared to the same period one year ago, the healthcare property loan volume grew 19%, according to the Mortgage Bankers Association’s Quarterly Survey.  However, compared to the second quarter, healthcare property loans […]

Healthcare REITs Nowhere Near Done Growing, More M&A On the Way

Despite a huge year for REIT deals in the senior housing space, REITs may be gearing up for even more growth, according to REIT publication REIT.com. Based on input from panelists are this year’s REITWorld annual convention, REIT.com reports that these trusts are still in the “sweet spot” for health care mergers and acquisitions. The […]

Emeritus Branches Into Home Healthcare With $102 Million Purchase

Last week, Emeritus Corporation (NYSE:ESC) agreed to purchase Nurse on Call, Inc., the largest Medicare-licensed home healthcare provider in Florida. Emeritus, the nation’s largest assisted living and memory care provider, will pay $102 million in cash for 91% of Nurse on Call’s parent company. The remaining equity will be owned by certain members of Nurse […]

HCP Profits Up 18% Following $1.73 Billion Emeritus/Blackstone JV Acquisition

HCP Inc.’s (NYSE:HCP) $1.73 billion acquisition of the Blackstone-Emeritus joint venture was the pitch the largest healthcare REIT was waiting for—”a fastball, right down the middle of the plate,” according to chairman and CEO Jay Flaherty on the third quarter earnings call. During a first quarter earnings call, an analyst had mentioned HCP’s “relatively low […]