Sienna Senior Living (TSX: SIA) is growing in Canada thanks to a new strategic joint-venture agreement with Sabra Health Care REIT (Nasdaq: SBRA). Leaders with the Markham, Ontario-based operator announced Thursday an agreement to acquire from Extendicare (TSX: EXE.TO) a 50% ownership stake in a portfolio of 11 Esprit senior living communities located in Ontario […]
Extendicare
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Six out of 10 people with dementia will wander and risk becoming disoriented, according to the Alzheimer’s Association. In senior housing settings, disorientation can lead to exit-seeking behaviors, which can increase anxiety, hostility toward others, fatigue and elopement. But for new as well as established memory care communities, there are design elements that can help […]
CCRC in St. Charles, Missouri, Sold by IPA for $17 Million Institutional Property Advisors (IPA), a division of Marcus & Millichap Inc. that specializes in serving institutional and major private real estate investors, announced the sale of Carrington Place of St. Charles, a 294-bed, 234-unit continuing care retirement community (CCRC) in St. Charles, Missouri. Carrington Place of […]
Canada-based Extendicare Inc. has completed the $870 million sale of its U.S. business to a group of investors led by private equity firm Formation Capital, LLC, effective July 1, the company announced today. The Canadian skilled nursing giant may use the proceeds in part to increase its involvement in the private pay retirement community sector […]
HCP Inc. (NYSE: HCP) on Monday disclosed that the U.S. Department of Justice is charging its major skilled nursing facility tenant, HCR ManorCare, with submitting false Medicare claims. The news came two months after analysts pressed HCP leaders about the ongoing government investigation into ManorCare, and less than a month after the large-cap real estate […]
LTC Properties, Inc. (NYSE: LTC) has completed the re-leasing of 20 assisted living properties to Senior Lifestyle Corporation and Veritas InCare, LLC. Previously co-leased to Enlivant (formerly Assisted Living Concepts) and an affiliate of Canadian long-term care provider Extendicare, the completed re-leasing of the 20 properties arrives nearly a year since LTC announced last January […]
LTC Properties, Inc. (NYSE: LTC), a real estate investment trust that primarily invests in senior housing and health care properties, announced Monday it has completed the sale of 16 assisted living properties to Enlivant (formerly known as Assisted Living Concepts) for $26.5 million. The properties — located in Arizona, Idaho, Oregon and Washington — comprise 615 […]
The year in review for the senior housing mergers and acquisition market could be characterized by several traits, primarily the insatiable appetite among investors nurtured by billion-dollar blockbuster transactions. Both publicly- and non-traded REITs, private equity firms, as well as other operators were the players, acquiring senior housing and health care real estate and an […]
In case you missed them, here are the top headlines grabbing Senior Housing News readers’ attention this week. LCS Growth Fuels $1 Billion Pipeline of Senior Living Development — In the largest pipeline the company has had in the past six or seven years, LCS is focusing on continuing care retirement communities, repositioning efforts and the […]
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