HCP (NYSE:HCP) said it closed on the acquisition of 334 post-acute, skilled nursing and assisted living facilities of HCR ManorCare for $6.1 billion in cash on Friday. As part of the deal, HCP entered into a long term triple-net master lease where HCR ManorCare will continue to operate the facilities. The company also paid $95 million for a […]
Category: Acquisitions
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, 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 […]
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 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, 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 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, 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 […]
Cornerstone Healthcare Plus REIT recently announced the acquisition of Carriage Court of Hilliard in Ohio for $17.5 million. The 70,000 square foot facility has a total of 102 units of which 64 are dedicated to assisted living and 38 are focused on memory care. The transaction is the second acquisition between Cornerstone Healthcare Plus REIT […]
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 […]
Subscribe
Receive industry updates and breaking news from SHN