Welltower, Ensign Group Drive 2019 Long-Term Care M&A Activity

Interest in long-term care assets continued to lead health care merger and acquisition activity in 2019, although overall activity declined slightly amid growing uncertainty over the global economy, major health care policies and the 2020 elections. Notably, deal volume for long-term care assets, which includes assisted living, accounted for 34% of health care M&A activity […]

Pennant CEO: Providing Senior Living, Home Health at Scale Gives Us An Edge

As CEO of Pennant Group (Nasdaq: PNTG), Danny Walker is leading an organization with about 50 senior living communities and 60 home health and hospice agencies — and he believes that this mixed portfolio will give the company a competitive advantage by enabling it to drive coordinated care. Pennant officially came into existence at the […]

Ensign Announces Flurry Of New Senior Housing Acquisitions Following Strong Q3

The Ensign Group (NYSE: ENSG) has bulked up its senior housing portfolio in recent weeks. The Mission Viejo, California-based senior care operator on Thursday announced the acquisition of Rock Creek of Ottawa, a post-acute care retirement campus with 93 skilled nursing beds, 71 assisted living units and 24 independent living units located in Ottawa, Kansas. The acquisition is […]

Possible Foreclosure, Lawsuit Point to Further Signs of Financial Distress at Mainstreet

Two new developments point to signs of financial distress at Mainstreet. First, a former Mainstreet executive is suing the Carmel, Indiana-based organization, alleging that it terminated him in November 2017—“in plain violation” of his employment contract and “without cause”. The move, the plaintiff claims, was made so that Mainstreet could save money, as it was facing […]

Senior Housing Finance Activity: Ziegler, Ensign Group

Ziegler Closes $17.63 Million Valley Vista Care Corporation Financing Chicago-based investment firm Ziegler has provided $17,630,000 in series 2017A&B financing for Valley Vista Care Corporation. Valley Vista Care Corporation and Valley Community Housing Corporation are Idaho-based not-for-profit corporations and are the sole members of the Obligated Group. The Obligated Group operates 147 skilled nursing and […]

Senior Housing Investments & Transactions: Enlivant, Ensign Group

Enlivant Acquires Four Senior Living Communities In Indiana and Ohio Enlivant, a national provider of senior care services, has purchased three senior living communities in Indiana and one in Iowa, according to a press release. The terms of the deal were not disclosed. The new Enlivant communities are Elkhart Place (formerly Beardsley House) in Elkhart, […]

NHI on the Hunt for Skilled Nursing As Other REITs Flee

With some of the major real estate players making moves and taking shots at one another’s skilled nursing assets, one real estate investment trust (REIT) is standing its ground with its own skilled operators and continuing to increase its exposure in the space.  Tennessee-based National Health Investors Inc. (NYSE: NHI) is distinguishing itself among its […]

In the Pipeline: Senior Housing Construction Projects (11/19/15)

Construction: Planned Presbyterian SeniorCare Plans Memory Care Community for Pa.  Presbyterian SeniorCare this week announced plans to build a new memory care community—the first of its kind for Washington County, Pa. Woodside Place of Washington will be based on the Woodside Place of Oakmont community, one of the first residential Alzheimer’s care facilities in the […]

In the Pipeline: Senior Housing Construction Projects (10/29/15)

(Photo: Élan Westpointe in New Braunfels, Texas by Titan Senior Living) Construction: Planned Lakewood Manor CCRC Plans Expansion in Va. Virginia Baptist Homes recently announced a plan that will bring significant changes to Lakewood Manor, a continuing care retirement community (CCRC) in Richmond, Va. Although plans are currently in the research and development phase, Virginia Baptist […]

Senior Housing Investments & Transactions: NHI, LTC, Ziegler

NHI Acquires Ohio Assisted Living and Memory Care Community for $21 Million National Health Investors (NYSE: NHI) announced on Aug. 3 that its NHI-Bickford Senior Living joint venture has acquired Fairfield Village, an assisted living and memory care community in Lancaster, Ohio, for $21 million in cash. The 92-unit Fairfield Village was built in 2006 […]