Leisureworld To Acquire Two Ontario Retirement Communities

Leisureworld Senior Care Corporation (TSX:LW) announced that it has agreed to acquire two luxury retirement residences for a total consideration of $94.8 million in Kingston and Kanata, Ontario. The two properties have a total of 294 suites and upon completion of the acquisition will rename the facilities to ‘The Royale’. The Royalton in Kanata, Ontario is […]

Health Care REIT Closes $2.4 Billion Genesis Acquisition

Health Care REIT, Inc. (NYSE:HCN) said it completed the $2.4 billion acquisition of substantially all of the real estate assets of privately-owned Genesis HealthCare (Genesis) on Monday. Previously announced at the end of February, the deal closed on April 1, 2011, and included the long-term, triple-net lease, and 147 post-acute, skilled nursing and assisted living facilities […]

Ensign Group Acquires California SNF and Assisted Living Facility

Last week, The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign group of skilled nursing, rehabilitative care services, hospice care and assisted living companies, announced the acquisition of The Lexington, a 125-bed assisted living facility in Ventura, California, and Victoria Care Center, a 188-bed skilled nursing facility that has been operated by […]

Ventas to Purchase Nationwide Health Properties For $5.8 Billion

Ventas Inc. announced Monday morning that it will be purchasing Nationwide Health Properties Inc. (NHP) in a $7.4-billion stock deal that will create the nation’s largest health care real estate investment trust (REIT).  The combined entity will have more than 1,300 properties in 47 states, the District of Columbia and two Canadian provinces with 643 […]

Health Care REIT to Acquire Genesis HealthCare Real Estate Assets for $2.4 Billion

Health Care REIT, Inc. (NYSE:HCN) announced Monday that it has signed a definitive agreement to acquire substantially all of the real estate assets of privately-owned Genesis HealthCare (Genesis)for $2.4 billion.  Genesis will continue to operate the facilities under a long-term triple-net master lease where the first year rent will provide for $198 million with an […]

Cornerstone Acquires $10.7 Million Assisted Living Facility in New Hampshire

Cornerstone Real Estate Funds, and its strategic alliance partner and sub-advisor Servant Healthcare Investments, announced that the Cornerstone Healthcare Plus REIT has acquired Forestview Manor a stabilized 69 unit Assisted Living and Dementia Care Facility in Meredith, NH for $10,750,000.  Servant Healthcare Investments has engaged Woodbine  Senior Living to operate the facility. Woodbine is a […]

Kindred Healthcare to Acquire RehabCare Group

Kindred Healthcare, Inc. ("Kindred") (NYSE:KND) and RehabCare Group, Inc. ("RehabCare") (NYSE:RHB) announced the signing of a definitive merger agreement earlier this week where Kindred will acquire RehabCare.  The combination will create a post-acute healthcare services company in the United States with over $6 billion in annual revenues and operations in 46 states. The combined company […]

SLIB Completes Sale of Florida ALF Portfolio

Senior Living Investment Brokerage (SLIB) recently announced the sale of a portfolio of four assisted living facilities located in the Florida panhandle.  The communities were all constructed in 1999 and have a total of 39 units in each community with additional land for expansion at each site.  The purchaser is a joint venture between Nationwide […]

Brookdale Announces Acquisitions, Financing Transactions

Brookdale Senior Living Inc. (NYSE: BKD) recently announced that it completed the acquisition of 12 communities in Oklahoma and Texas with a total of 421 units for an aggregate purchase price of $31.3 million.  The communities had previously been operated by Brookdale under long-term leases.  Brookdale also stated that it has entered into an agreement […]