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 […]

Sunrise Completes Purchase-Sale Transaction, Starts New Joint Venture with CNL Lifestyle Properties

Sunrise Senior Living, Inc. (NYSE: SRZ) announced today that it has completed its previously announced purchase and sale agreement with a wholly owned subsidiary of CNL Lifestyle Properties and an affiliate of Arcapita, which was Sunrise’s joint venture (JV) partner in 29 Sunrise-managed communities.  In the transaction, Arcapita sold its 90% interest in the JV […]

AdCare Health Systems Completes NC Nursing Center Acquisition

AdCare Health Systems, Inc. (NYSE Amex: ADK) announced the completion of its acquisition of Mountain Trace Nursing Center, a 106-bed nursing facility in Sylva, North Carolina for $6.1 million.  The company expects the facility to generate an estimated $7.8 million in annualized revenues.  AdCare plans to finance the acquisition of the facility using a bank […]

Ensign Group Acquires Two Texas Senior Housing Facilities

The Ensign Group, Inc. (Nasdaq: ENSG) announced this week that it has acquired Wisteria Place, a continuing care retirement community, and its sister facility Wisteria Independent Living, both located in Abilene, Texas as of January 1, 2011.  Wisteria Place has a total 123 skilled nursing beds, 77 assisted living units and 20 independent living cottages […]