Markets around the world were reeling Friday on the news that the United Kingdom intends to leave the European Union, raising major questions about impacts to global business—including senior housing. The potential good news is that senior housing as an industry might be essentially unscathed by any large-scale economic disruption following the so-called “Brexit,” experts […]
Ventas Elects New Members to Board Ventas, Inc. (NYSE: VTR) elected Walter C. Rakowich, retired CEO of Prologis, and Roxanne M. Martino, CEO of Aurora Investment Management, to the real estate investment trust’s (REIT) board of directors, effective immediately. Rakowich was CEO of Prologis (NYSE: PLD) from November 2008 to June 2011, when Prologies and […]
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. […]
The Senior Living and Senior Housing Industry continues setting their sights on growth through new hires as more job opportunities for industry professionals come online. In this month’s SHN Jobs listing, companies such as Ventas Inc., Mather LifeWays, Lancaster Pollard & Co., LLC and many others are seeking qualified professionals to join their teams. Posting […]
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 […]
Discussion around oversupply in senior housing is nothing new, including back and forth about the reality of the situation. There still is no clear consensus regarding oversupply concerns in the year ahead as health care real estate investment trusts (REITs) report their earnings for the fourth quarter of 2015. Chicago-based Ventas Inc. (NYSE: Ventas) set the stage for […]
In our first full week back in the newsroom since the holidays, we were eager to bring our readers the latest news of the new year. Kicking off 2016, you wanted to know how one senior housing provider is easing the move-in process for prospective residents and family members. We were keen to share the […]
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 […]
This week, Senior Housing News readers took a microscope to Ventas’ third-quarter financial results and explored the benefits and pitfalls of rebranding. Readers also learned how immigrant workers could help fill the gaps in the senior living work force. Mainstreet’s New Foray An announcement from Mainstreet caught our attention early Friday. The Indiana-based company that […]
