The agreement to acquire Emeritus Corporation (NYSE:ESC) for nearly $3 billion is the sort of deal that’s right up the alley of the largest healthcare REITs. Instead, Brookdale Senior Living (NYSE:BKD) is the acquirer, leaving the Big 3 out in the cold—and less well-positioned for future growth, analysts say. “We believe investors will view the […]
Emeritus
In case you missed it… here are the top five headlines grabbing SHN readers’ attention this week. Vi Residents Sue Over CCRC Entrance Fees—A class action lawsuit filed by some of Vi Retirement Living’s California-based residents takes issue with the way CCRC entry fees are used and accounted for in cases where residents or their […]
Senior housing buyers who missed out on the Brookdale/Emeritus opportunity could get a consolation prize in Capital Senior Living (NYSE:CSU), writes Bloomberg. Brookdale’s $1.4 billion acquisition of Emeritus is expected to successfully close this year, on the heels of Health Care REIT’s acquisition of Sunrise Senior Living and TPG’s purchase of Assisted Living Concepts. The […]
An ongoing federal investigation is looking into senior living giant Emeritus, news outlet ProPublica reported this week just days following an announcement the company would merge with industry counterpart Brookdale Senior Living. The investigation, according to ProPublica, is looking into Emeritus’s operations including its Medicaid billing practices and has been ongoing since January 2013. According to […]
Unconcerned about possible Federal Trade Commission intervention and with the blessing of healthcare REIT landlords, Brookdale executives gave a glowing overview during an investor presentation Wednesday of the recently-announced Emeritus merger and how it positions the company for industry domination. One of the company’s goals is to become “the” top senior living brand in the nation and […]
Healthcare REITs may start losing their competitive edge as a result of more harm than benefit stemming from the Emeritus-Brookdale merger announced last week. Historically, high credit ratings have given these REITs access to lower costs of capital, says global ratings giant Fitch in its outlook on the acquisition. But real estate investment trusts focused […]
Size matters for the top U.S. senior housing operators of 2013 as both Brookdale Senior Living Inc. (NYSE: BKD) and Emeritus Senior Living (NYSE: ESC) took the #1 and #2 spots in the latest American Seniors Housing Association (ASHA) Top 50 list. The ASHA 50, released by the National Real Estate Investor, ranks the largest […]
Brookdale Senior Living (NYSE: BKD) and Emeritus Corporation (NYSE: ESC) announced on Thursday an agreement to merge in a transaction valued at $2.8 billion. As a result of the merger, the companies will create “the only nationwide network of senior living communities with fully integrated ancillary services across the continuum of care,” and the largest […]
Caring.com on Tuesday released its annual list of top-rated assisted living and memory care communities according to consumer ratings and reviews, with 405 communities named 2014 Caring Stars. “Congratulations to the Caring Stars communities for earning high praise from residents, families, and senior care experts on Caring.com thus achieving this award of service excellence,” said […]
The past year has seen an increasing willingness among senior living providers to embrace various forms of technology to drive operational efficiencies and enhance the lives of residents. Electronic Health Records Whether providers have adopted electronic health records (EHRs) in efforts to share accountability and streamline information sharing in an evolving healthcare landscape, or have […]
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