Here’s a roundup of earnings reports for some senior housing and care providers for the second quarter of 2012. All four companies experienced a growth in revenue, but only two out of four saw their income from operations increase, while two saw their net income decrease in the quarter. Most of the operators reported being […]
Five Star Quality Care
Newton, Mass.-headquartered Five Star Quality Care, Inc. (NYSE:FVE) announced on Monday its agreement to sell its pharmacy business to Omnicare (NYSE:OCR) for $30.7 million. The senior living and healthcare services company anticipates the sale of this business will result in a capital gain to Five Star of approximately $23.5 million. The senior living company’s pharmacy […]
Senior Housing Properties Trust (NYSE:SNH) announced on Wednesday that it had entered into agreements for early terminations of leases for 10 senior living communities currently managed by Sunrise Senior Living (NYSE:SRZ). The senior housing REIT plans to lease the communities to its taxable REIT subsidiaries with Five Star Quality Care, Inc. (NYSE:FVE) as the new manager. […]
Here’s a list of possible turnaround opportunities for senior care facilities, ranging from troubled facilities that have lost or may lose Medicare/Medicaid licensing, to ones that have been shut down by the state, to places that plan to close their doors voluntarily for various reasons. This edition also includes five facilities in one Wisconsin county […]
Nursing home operator Five Star Quality Care, Inc. (NYSE:FVE) saw its net income plunge 91% in the first quarter ended March 31, 2012 to $369,000, compared to $4.1 million in the same period last year, due in part to Medicare reimbursement cuts that went into effect in October 2011. This represents a net income per […]
Healthcare REIT Senior Housing Properties Trust (NYSE:SNH) reported a net income of $32.4 million for the quarter ended March 31, 2012, a slight increase from the previous year’s $31.8 million. However, net income per share actually decreased from $0.22 in the first quarter of 2011 to $0.20, due to a non-cash impairment of assets charge […]
RED CAPITAL Closes $125.8 Million of Seniors Housing Loans in March RED CAPITAL GROUP, LLC’s Seniors Housing Group completed 15 seniors housing transactions for a total of more than $125.8 million in closed loan proceeds in the month of March. Loan types ranged from Ginnie Mae/FHA new construction, refinances, and acquisition/refinances, to Fannie Mae MBS/DUS […]
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