Less than a year after spinning off from HCP Inc. (NYSE: HCP), skilled nursing real estate investment trust (REIT) Quality Care Properties (NYSE: QCP) could be setting the table for big changes related to its struggling primary tenant, HCR ManorCare. One option could be the REIT taking a larger equity stake in the beleaguered skilled nursing operator. Maryland-based […]
HCR ManorCare
After a tumultuous year for some of the biggest real estate owners and operators in skilled nursing, many are looking at the future of the space with one foot out the door. Punishing skilled nursing headwinds are creating a “deteriorating industry,” with few attractive prospects for the largest companies for at least five years, according […]
As temperatures began to plunge in Chicago, we were sure to bring our readers the hottest industry happenings, including the news that a major senior housing real estate owner has named a new CEO and president. Ventas Inc. also made a splash by announcing it would sell 36 Kindred-leased skilled nursing facilities for $700 million […]
Payment reforms have made their sting across the health care industry, with the skilled nursing market taking a hit. And some of the senior housing industry’s biggest real estate owners of skilled nursing properties have started reducing their portfolio exposure in the asset class as a result. Despite the shift in the attractiveness of skilled […]
When Omega Healthcare Investors (NYSE: OHI) announced that it would be acquiring Aviv REIT (NYSE: AVIV) in 2014, CEO Taylor Pickett described the combined company as the “premier pure-play skilled nursing REIT.” Today, skilled nursing still accounts for the vast majority of the REIT’s roughly 900 properties, but “pure play” may become a stretch as the […]
Genesis Healthcare (NYSE: GEN) has become the latest major post-acute care provider to strike a settlement with federal authorities to resolve allegations of improper billing practices, this time to the tune of $52.7 million. Kennett Square, Pennsylvania-based Genesis has been under four separate DOJ investigations, all of which will come to an end through the […]
HCP Inc.’s (NYSE: HCP) recently announced spinoff of its struggling skilled nursing assets into an independent, publicly-traded real estate investment trust (REIT) is going as planned to unleash HCP’s ‘real’ value, according to CEO Lauralee Martin. “We are on track with that [spinoff],” Martin said during a presentation at National Association of Real Estate Investment Trusts’ […]
HCP Inc. (NYSE: HCP) will be spinning off its portfolio of skilled nursing properties operated by troubled tenant HCR ManorCare into an independent, publicly-traded real estate investment trust (REIT), to be helmed by former Sunrise Senior Living CEO Mark Ordan, the company has announced. “We believe this transaction gives HCP the ability to re-confirm itself […]
Ongoing troubles for HCP Inc. (NYSE: HCP) may have reached a critical level, making the major owner of senior housing real estate a prime takeout target—with rival Ventas Inc. (NYSE: VTR) perhaps being the most likely buyer. At least, that’s a scenario some analysts are presenting as a possible outcome for the Big Three REIT. […]
Timothy Schoen, executive vice president and CFO of HCP Inc. (NYSE: HCP), will step down in the coming months, the real estate investment trust (REIT) announced Monday. He will remain at HCP through May 22 to oversee reporting of first quarter earnings and to guarantee a smooth transition of duties, according to a company news […]
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