Leaders in both senior living and skilled nursing are confident that the pace of mergers and acquisitions will hold steady or accelerate in the year ahead. More than 150 senior housing and health care company executives weighed in on the 12-month outlook for the industries Read More »
Category: Skilled Nursing
Assisted Living Rents Still Rising Amid Labor Woes
The cost of residing in an assisted living community is steadily climbing thanks in part to the ongoing labor shortage, according to the latest Cost of Care Survey from insurer Genworth Financial (NYSE: GNW). The national median costs for a one-bedroom unit in a private-pay Read More »
Now Accepting Submissions for the 2017 Architecture & Design Awards
Senior Housing News is excited to announce the official start of the 2017 SHN Architecture & Design Awards, exclusively sponsored by Kwalu. Professionals and students from around the world can now submit their projects at shnawards.com. Every year, more than 80 organizations and students enter Read More »
Ventas Receives $488 Million From Sale of 22 SNFs
Ventas, Inc. (NYSE: VTR) on Thursday announced it had completed the initial phase of its sale of 36 skilled nursing facilities (SNFs) that are presently operated by Kindred Healthcare, Inc. (NYSE: KND). Specifically, Louisville, Kentucky-based Kindred recently completed the sale of 54 SNFs—22 of which Read More »
HCP, CareTrust REIT Provide Updates After Hurricane Harvey
HCP Inc. (NYSE: HCP) and CareTrust REIT (Nasdaq: CTRE) both issued statements on Thursday to provide an update on their residents and communities in the aftermath of Hurricane Harvey. Though each had to evacuate senior housing communities, no one was hurt and limited damage was Read More »
Old People Are Cool Campaign Fights Ageism, Promotes Senior Living
A new campaign is sparking conversations about aging and senior living in airport security lines and other unlikely spots across the country. Called “Old People Are Cool,” the initiative is meant to combat ageism and raise the profile of the senior care industry, says Charles Read More »
Growing Senior Living Operator Sees Benefits in Skilled Care
Operating a continuing care retirement community (CCRC) generally requires the full continuum of senior living services, from independent living to long-term senior care. But amid troubles in the skilled nursing marketplace, some senior housing operators have moved away from skilled nursing facilities (SNFs) entirely. Others, meanwhile, have Read More »
QCP Moves to Put HCR ManorCare Portfolio in Receivership
Quality Care Properties (NYSE: QCP) — the real estate investment trust that spun off from HCP Inc. (NYSE: HCP) last year — has started the legal process for transferring its many HCR ManorCare skilled nursing, assisted living, and memory care properties into the control of an Read More »
Sabra’s CEO Fights Back Against CCP Merger Doubters
Sabra Health Care REIT, Inc. (Nasdaq: SBRA) CEO Rick Matros used the company’s quarterly earnings call Thursday to strike back at activist investors looking to foil the impending merger with Care Capital Properties (NYSE: CCP). Matros, amid the disclosure of second-quarter revenues that beat projections, Read More »
Ventas Expects $700 Million from Kindred’s Freshly Inked SNF Sale
Kindred Healthcare (NYSE: KND) has found a buyer for its skilled nursing portfolio, and its major real estate investment trust (REIT) landlord Ventas (NYSE: VTR) expects to ultimately receive $700 million from the deal. The buyer, BM Eagle Holdings, is a joint venture led by Read More »
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