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 […]

Capital Senior Living Enters Into Four Community Sale-Lease Transaction

Capital Senior Living Corporation (NYSE:CSU) announced last week that one of its joint ventures in which it has a 5% interest has entered into an agreement to sell four senior living communities to Health Care REIT, Inc. (NYSE:HCN).  The four communities, known as the Spring Meadows Communities, have approximately 625 units with a combined resident […]