Private equity giant Fortress Investment Group (NYSE: FIG) has increased its investments in senior living with the recent $64 million acquisition of a five-property portfolio from real estate investment trust Healthpeak (NYSE: PEAK). The deal was announced by Healthpeak in conjunction with its Q1 2021 earnings results on May 4, but the buyer was not […]
Category: Acquisitions
The coronavirus pandemic significantly slowed the development and acquisition pipelines of large-scale investors, as the capital markets retreated to the sidelines and waited for some stability to enter the lending landscape. Now, there could be as much as $12 billion in dry powder ready to deploy in senior housing, estimates Dustin Warner, director with Harrison […]
Lifesprk — a company that specializes in providing value-based care largely through home- and community-based services — is acquiring Tealwood Senior Living. The transaction could prove to be a milestone for how senior living providers are integrated into population health efforts, with Green House and Eden Alternative visionary Dr. Bill Thomas leading the efforts to […]
The senior living industry appears to be recovering from the Covid-19 pandemic, judging from positive occupancy trends reported by public companies over the last two weeks. The inflection in occupancy is a relief, but I’ve been giving even more thought to the news that Lifesprk, a company that provides value-based care largely through home- and […]
Colony Capital (NYSE: CLNY) intends to sell its wellness infrastructure portfolio in 2021, CEO Mark Ganzi confirmed Thursday. The real estate in the portfolio is valued at $3.3 billion and includes 118 senior housing properties and 83 skilled nursing facilities, in addition to medical office and hospital assets. In March 2021, Bloomerg reported that Fortress […]
An affiliate of Sage Healthcare Partners has agreed to acquire Henry Ford Village after bidding $76.3 million on the 1,038-bed continuing care retirement community (CCRC) as part of a recent bankruptcy auction. The affiliate, HFV OPCO, LLC, plans to acquire the assets of the nonprofit community in Dearborn, Michigan, and add it to its senior living […]
Healthpeak Properties’ (NYSE: PEAK) exit from rental senior housing is nearly complete. The Denver-based health care real estate investment trust (REIT) sold $1 billion in senior housing assets in the first quarter of 2021, bringing the firm closer to completely divesting of its senior housing operating portfolio (SHOP) and triple-net senior housing assets, according to […]
Omega Healthcare Investors (NYSE: OHI) CEO Taylor Pickett has seen some distressed assisted living communities on the market — but not at prices indicative of their condition. “On the assisted living side, we’ve made an effort to look for potentially distressed prospects, and quite frankly, those have not panned out,” Pickett said during the company’s […]
One year ago, senior housing mergers and acquisitions activity came to a screeching halt as a result of Covid-19. But there are signs that the M&A landscape will experience a strong rebound in 2021, and the rebound will be spearheaded by a wide range of buyers seeking value-add opportunities as well as stabilized assets. Mergers […]
Insurance giant Humana (NYSE: HUM) will pay approximately $5.7 billion to take full ownership of the nation’s largest home health provider, Kindred at Home. The transaction values Kindred at Home at $8.1 billion; Humana holds an existing equity value of $2.4 billion — a 40% stake — through a deal executed in 2017 with private […]