LTC Properties, Inc. (NYSE:LTC) released results of operations for the three months ended March 31, 2009 earlier this month and announced that net income allocable to common stockholders for the first quarter was $8.0 million or $0.35 per diluted share which includes $0.6 million related to the repurchase of 109,484 share of preferred stock, as […]
Category: Assisted Living
The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign group of skilled nursing, rehabilitative care services and assisted living companies, reported record results earlier this month for the first quarter of fiscal year 2009. The company reported total revenue of $130.3 million, a 14% increase from the same period in 2008 and […]
Brookdale Senior Living released its earnings lat week that showed increases in revenues and funds from operations yet posted a $13.6 million dollar loss in the quarter. The increase in expenses that attributed to the loss were $318.1 million, an increase of $13.1 million, or 4.3%, from the first quarter of 2008. The increase was […]
The Visiting Nurse Association (VNA) Assisted Living celebrated its grand opening last month in Somerville, Massachusetts and was attended by local and state dignitaries that came to praise the grand opening of this 99 unit facility. As the first assisted living facility in the country to use HUD 202 funding for construction of a senior […]
Nationwide Health Properties, Inc.(NHP) reported results last week that showed an increase in revenues of 14% and an increase in diluted funds from operations (FFO) compared to first quarter of 2008. During the quarter NHP sold three buildings in the first quarter for approximately $35.0 million in gross proceeds and invested $8.0 million in revenue […]
Skilled Healthcare Group reported net income of $10.9 million, or $0.29 per diluted share, as compared to net income of $8.4 million, or $0.23 per diluted share, in the first quarter of 2008 last week. The company reported revenues during the first quarter of 2009 for a total of $189.5 million, an increase of 4.8% […]
Ventas (the Company) reported last week that first quarter profitability rose 5% and beat analyst’s estimates with a reported “normalized” funds from operations (FFO) of $95.7 million, or 67 cents a share, compared with $91.5 million, or 67 cents a share, in the first quarter of 2008. Ventas reduce its full-year outlook for normalized FFO […]
Last week, leading industry players met at the national ALFA conference and expressed overall optimism and in the state of the industry and optimism about future prospects at its annual conference in Philadelphia. The tone of the conference and the speakers show that while the recession is providing challenges, they feel that they are weathering […]
Assisted Living Concepts, Inc. ( ALC ) (NYSE:ALC) last week reported a net loss of $11.8 million in the first quarter of 2009. The company took a massive non-cash, non recurring impairment charge to write-off goodwill of $14.7 million dollars. Without the charge, the company would have reported net income of $2.9 million. The impairment […]
Touchtown Inc., has launched Touchtown Companion, a comprehensive safety communication system that instantly and reliably delivers critical information directly from staff to residents even in a complete loss of communications infrastructure. Instead of relying on vulnerable infrastructure, Touchtown Companion uses a self-organizing, self-healing wireless mesh network that survives even if there is no electrical power, […]
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