National Health Investors, Inc. (NYSE:NHI) and its largest tenant, National Healthcare Corporation, announced last Friday an agreement that resolves a long-standing dispute surrounding accusations they overpriced assets sold to two nonprofit senior care entities they helped establish. The settlement includes the sale of 14 nursing homes and liquidation of the nonprofits’ assets, which will ultimately […]
Category: Acquisitions
Kindred Healthcare, Inc. (NYSE: KND) announced today that it has signed an agreement to sell 17 of its facilities to an affiliate of Vibra Healthcare, LLC, for $187 million. The facilities consist of 15 transitional care hospitals containing 1,052 beds, one inpatient rehabilitation facility containing 44 beds and one skilled nursing facility (SNF) containing 135 […]
National Health Investors, Inc. (NYSE: NHI) announced today that it will acquire a total of 254 skilled nursing beds in two Texas facilities for $26.3 million. The facilities, each less than two years old, are located in Canton and Corinth, Texas. “These two newly-constructed, strong-performing assets are a great fit for NHI’s diversified portfolio,” said […]
MBK Senior Living Sells Two Properties to Brookdale for $56.1 MIllion Brookdale Senior Living recently purchased two Spokane, Washington properties from MBK Senior Living for $56.1 million. The properties, built between 1999 and 2003, include a combination of assisted living and memory care units, with an additional 20 independent units in one of the […]
Leisureworld Senior Care Corporation (TSX: LW) recently agreed to acquire a senior living portfolio of 10 properties in Ontario from Speciality Care Inc. and certain other parties. The portfolio includes six long-term care (LTC) homes, two retirement residences and two properties containing both long-term care and retirement residence components, all of which are located in […]
The 2012 healthcare M&A market was a “mixed bag” influenced by uncertainties stemming from the fiscal cliff and the federal debt limit, as dollar volumes decreased while transactions were on the rise, according to Irving Levin Associates’ Senior Care Acquisition Report. The “real story” for 2012, suggests the report, is that the total number of transactions within […]
While entering the home health industry makes sense for senior living providers, a considerable amount of due diligence is required before plunging into the marketplace, said panel members on Thursday during Senior Housing News’s webinar, Time for Senior Housing Operators to Get Into Home Health Care? A massive aging population offers an incentive for senior living […]
Senior Living Investment Brokerage today announced it has brokered transactions of two senior housing properties in Oregon for a total of $27.8 million. The Oregon-based seller divested the assets in an effort to exit the seniors housing sector and use the capital toward other, more passive investments, Senior Living Investment Brokerage reports. The buyer is […]
Chicago-based real estate investment trust Ventas Inc. (NYSE:VTR) is “looking hard” at hospital real estate as a new investment sector, CEO Debra Cafaro said in an interview with Crain’s Chicago Business. Public companies only own 10% of the $1 trillion, “highly fragmented” healthcare real estate market. Cafaro expects a continued transfer of properties from the […]
The Ensign Group, Inc. (Nasdaq:ENSG) announced Wednesday the acquisition of three skilled nursing facilities (SNF) in Texas. The facilities include San Marcos Rehabilitation and Healthcare Center, a 129-bed SNF in San Marcos; The Courtyard Rehabilitation and Healthcare Center, a 56-bed SNF in Victoria; and La Cila Rehabilitation and Healthcare Center, a 152-bed SNF also in […]