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 were owned by Ventas. The REIT received $488 million from Kindred upon […]

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 said that if they could go back in time, they […]

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 independent receiver. Toledo, Ohio-based ManorCare operates more than 500 skilled […]

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, called the hedge funds that will vote against the deal […]

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 affiliates of BlueMountain Capital Management, a privately held New York-based […]

ManorCare CEO Rumored to Demand $100 Million Payout

Skilled nursing provider HCR ManorCare and its primary landlord, real estate investment trust Quality Care Properties (NYSE: QCP), faced a one-two punch of bad news Monday, with the provider failing to make rent and rumors swirling about its CEO’s demands for a generous compensation package. QCP announced in an 8-K filing that HCR ManorCare came […]

Introducing Skilled Nursing News

Senior Housing News is excited to announce the launch our newest publication: Skilled Nursing News.  Subscribe for free now for the latest breaking news and original reporting on the skilled nursing industry. Our regular news alerts and email updates will bring you the most up-to-date information on the topics that matter most to you as an […]