Following a year that brought blockbuster acquisitions and record-breaking deal volume, this year’s ranking of the largest senior living providers reflects the growth and consolidation of the top players in the market. Notably, the biggest change in the list is the merging of Brentwood, Tennessee-based Brookdale Senior Living (NYSE: BKD) and Emeritus Senior Living Corp. […]
From Hell’s Kitchen to senior living, celebrity chef Brad Miller is bringing his foodie talents—and reality TV flair—to Five Star Quality Care (NYSE:FVE). The chef has joined the national senior living operator full-time to revamp the operator’s cuisine and dining program, including the addition of signature dishes to community menus and hosting chef challenges throughout […]
Senior Housing Properties Trust (NYSE:SNH) is trying to sell nine senior living communities in an ongoing effort to limit the REIT’s exposure to Medicaid and Medicare reimbursement exposure. The portfolio that SNH is looking to divest has 708 units, and a majority of the combined revenues the communities generate come from government-funded programs, the REIT […]
Next year’s senior housing acquisition landscape is looking more favorable for company-to-company deals compared to the past year, but time for sellers to arrange favorable blockbuster deals is running low, some analysts say. Financial services firm Stifel Nicolaus met with management-level executives for 11 publicly traded REITs and two nontraded REITs all focused on the […]
Capital Senior Living Buys Mass. Assisted Living Community Cassidy Turley, a commercial real estate services provider, arranged the sale of a Massachusetts assisted living community to Capital Senior Living for an undisclosed purchase price. The community, Whitcomb House, located in Milford, Mass., includes three interconnected buildings containing 68 total units within 48,565-square-feet. Two of the […]
Sabra Prices 5 Million Shares of Series A Stock Sabra Health Care REIT, Inc. (Nasdaq:SBRA) announced last Thursday the pricing of an underwritten public offering of 5,000,000 shares, or $125.0 million, of 7.125% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) at a price of $25.00 per share, pursuant to an effective […]
For senior care providers, gearing up for “March Madness” this year probably doesn’t mean filling out an NCAA tournament bracket—it means scrambling for ways to mitigate a new round of reductions to Medicare reimbursement rates currently en route to the industry. Barring Congressional action, skilled nursing and rehabilitation providers are in for a 2% sequestration-induced […]
Senior Housing Properties Trust Reports Income Gain in Q4, Acquires 11 Properties Senior Housing Properties Trust (NYSE: SNH) reported a net income gain for the quarter ended December 31, 2012 at $44.6 million, or $0.25 per share. Total revenues for the same period was $194.1 million, up 42% from the fourth quarter in 2011. The […]
Each quarter, senior living companies and the entities that invest in them release earnings reports and hold calls with analysts. At the end of each earnings call, executives will generally field questions from analysts to provide further insight or color into portfolio performance or acquisition strategy. Here are a collection of “snippets” from calls held […]
Note: This covers Q3 earnings for Senior Housing Properties Trust (NYSE:SNH) & Five Star Quality Care (NYSE:FVE). SNH’s Net Income Falls in Q3 Due to Expenditures, Capital Distributions Senior Housing Properties Trust saw its net income fall to $25.6 million, or $0.15 per share, for the quarter ended Sept. 30, 2012, compared to $30 million or […]
