Justin Hutchens Steps Down as HC-One CEO for Job in US

Justin Hutchens has stepped down as CEO of HC-One, the largest care home provider in the United Kingdom, and will return to the United States to take a job in health care finance and investment. The details of Hutchens’ new position will be publicly disclosed “in due course,” HC-One noted in announcing the news. Hutchens […]

Merrill Gardens Acquires Blue Harbor, Names Gall as President

Merrill Gardens is nearly doubling its size through the acquisition of Blue Harbor Senior Living, and is welcoming back a familiar face to lead the combined entity. Merrill Gardens has acquired Blue Harbor — a senior living management company — from private equity firm Fortress Investment Group for an undisclosed price, the Seattle-based senior living […]

NHI Reduces Rent for Holiday Retirement, Sabra Favors Different Approach

Some of the nation’s largest senior housing landlords are changing or reconsidering their leases with independent living giant Holiday Retirement. National Health Investors (NYSE: NHI) has inked a new lease agreement with tenant Holiday in a move meant to position the operator for long-term success, the Mufreesboro, Tennessee-based real estate investment trust (REIT) announced Tuesday, […]

New Senior to Sell Holiday, LCS Properties for $296 Million

New Senior Investment Group (NYSE: SNR) is trimming its portfolio by undertaking $296 million in asset sales, the New York City-based real estate investment trust announced Thursday. The transactions involve a $186 million sale of six properties triple-net leased to Life Care Services (LCS) and a $109.5 million sale of nine properties managed by Holiday Retirement. Des […]

Could a Brookdale-Holiday Merger Follow $3.3 Billion Fortress Sale?

Fortress Investment Group (NYSE: FIG), the investment management firm behind Holiday Retirement and New Senior Investment Group (NYSE: SNR), will be acquired by Japanese technology giant SoftBank Group for about $3.3 billion in cash. The companies confirmed the deal late Tuesday, after The Wall Street Journal first reported on it. The acquisition has sparked speculation […]

Large Investment Stirs More New Senior Predictions

The world’s largest asset management firm has purchased a significant claim in New Senior Investment Group (NYSE: SNR), but the purchase may not contribute much to an unfolding story that some believe could end with an outright sale of the real estate investment trust. In the final days of January 2016, BlackRock Inc., which has more […]

New Senior Closes on $640 Million Holiday Portfolio

Real estate investment trust New Senior Investment Group Inc. (NYSE: SNR) has completed its $640 million acquisition of 28 independent living properties from Holiday Retirement. The transaction was previously announced in June. The properties, are 100% private pay and span 3,298 units across 21 states. The properties had a 89.8% occupancy rate as of July […]