In case you missed it… here are the top five headlines grabbing SHN readers’ attention this week.
Vi Residents Sue Over CCRC Entrance Fees—A class action lawsuit filed by some of Vi Retirement Living’s California-based residents takes issue with the way CCRC entry fees are used and accounted for in cases where residents or their estates are eventually repaid a portion of those upfront fees.
Brookdale Merger Sets Stage for More Senior Housing Deals—The $2.8 billion merger announcement of Brookdale Senior Living (NYSE:BKD) and Emeritus Corporation (NYSE: ESC) may redefine the senior housing landscape and drive more consolidation among operators, Barclays analysts wrote following the news.
U.S. News Ranks Best Nursing Homes of 2014—The annual ranking by U.S. News and World highlights the top nursing homes in every state and encompasses nearly 100 major metropolitan areas. Around 25% of nursing homes considered for 2014′s list achieved a five-star rating from the Centers for Medicare & Medicaid Services’ Nursing Home Compare program.
Brookdale Merger Endangers Healthcare REITs’ Growth Potential—While historically high credit ratings have given healthcare REITs access to lower costs of capital, ratings giant Fitch warned following the merger announcement that a changing landscape could put downward pressure on both ratings and profit margins.
Top U.S. Senior Housing Operators of 2013—Brookdale and Emeritus came in at No. 1 and No. 2 in terms of number of units in the annual ASHA ranking, followed by Holiday Retirement to round out the Top 3. Click to see the full Top 50 compiled by ASHA and National Real Estate Investor.
Written by Elizabeth Ecker