Senior living communities across the country celebrated Mother’s Day on Sunday, with teas, fundraisers, and even more creative events. This year, Mother’s Day came after a big news week for the industry, led by a $7.4 billion merger. Also making headlines, Brookdale Senior Living (NYSE: BKD) had its best quarter in a while from an […]
Care Capital Properties
National Health Investors (NYSE: NHI) is staking its claim as a preferred real estate investment trust (REIT) for regional senior housing providers, content to do smaller deals until the right opportunity comes along to make a bigger splash. “I’d like to take this opportunity to suggest that NHI is becoming a REIT of choice among […]
Following its planned $7.4 billion merger with Care Capital Properties (NYSE: CCP), Sabra Health Care REIT (Nasdaq: SBRA) will be the eighth-largest health care real estate investment trust (REIT) in the country—but that’s not the company’s end goal. Rather, the Irvine, California-based REIT aims to eventually become a far more competitive player in the senior housing deal […]
Two major players in the senior care space have decided to join forces. Senior housing owner Sabra Health Care REIT, Inc. (Nasdaq: SBRA) and former “pure play” skilled nursing real estate investment trust (REIT) Care Capital Properties, Inc. (NYSE: CCP) will combine in an all-stock merger, the companies announced Sunday. The resulting health care REIT, which […]
Already embattled, publicly traded skilled nursing providers and real estate investment trusts (REITs) had an especially tough day on Friday. Shares were down across the sector on the heels of the Centers for Medicare & Medicaid Services (CMS) revealing details of a possible overhaul to the payment system for skilled nursing facilities (SNFs). The current […]
Health care real estate investment trusts (REITs) underwent major refocusing last year, creating skilled nursing cast-offs, spinoffs and pure plays. Now, skilled nursing has slipped away from senior housing-focused REITs and is up for another year of challenges. While the rest of the health care system inches toward integration amid the ongoing shift toward value-based care, […]
The skilled nursing sector came under pressure in 2016, pushing Care Capital Properties (NYSE: CCP) to give a major tenant some short-term rent relief. And the “pure play” skilled nursing real estate investment trust may be expanding its scope, looking to add new asset classes to its portfolio. The difficult labor market, decreasing lengths of stay, increasing regulatory […]
The decision by Kindred Healthcare (NYSE: KND) to get out of the skilled nursing facility sector might seem like a drastic move to free the company from a major drag on its financial performance. But that’s not the story that executives at Kindred and Ventas Inc. (NYSE: VTR), one of Kindred’s major landlords, were telling […]
HCP Inc. (NYSE: HCP) is confident that Halloween won’t be too spooky for the spin-off of its skilled nursing assets into a new real estate investment trust (REIT). HCP’s board of directors has approved the previously announced spin-off, which now is expected to occur on or about Oct. 31. Shares of Quality Care Properties, Inc. (QCP) would […]
The Ensign Group Announces $250 Million Revolving Credit Facility The Ensign Group, Inc. (Nasdaq: ENSG), which is based in Mission Viejo, California, announced that Ensign and its operating subsidiaries have boosted its revolving credit facility by $100 million to an aggregate of $250 million, $105 million of which was drawn as of Feb. 1. The credit […]
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