HCP, Inc. (NYSE: HCP) announced Monday that it is the lead investor in the financing for Formation Capital and Safanad Limited’s pending acquisition of NHP, which owns 273 nursing and residential care homes representing more than 12,500 beds in the United Kingdom. HCP will provide a loan facility totaling £394.5 million (approximately US$630 million), secured by […]
Formation Capital
What began as an $1.6 billion proposal to acquire home health competitor Gentiva Health Services, Inc. (NYSE:GTIV) has escalated into an all out bidding war between Kindred Healthcare, Inc. (NYSE:KND) and an unnamed mystery bidder. Kindred has unsuccessfully been able to woo Gentiva into accepting any of its purchase proposals since its initial offer in […]
Two heavy-hitting investment firms are expanding their footprint in the post-acute care sector through the acquisition of 14 skilled nursing facilities in the mid-Atlantic for about $150 million in total. The deal reflects a multi-year strategic partnership between healthcare-focused private investment firm Formation Capital and global principal investment firm Safanad. The portfolio includes 1,658 beds with 11 facilities […]
A recent report from NPR dipped into the realm of senior care and the bustling technologies that hope to cash in on an industry valued at $2 billion. At the center of the NPR spotlight is Aging2.0, a San Francisco-based startup company that seeks to accelerate the business of fledgling companies trying to break into […]
In case you missed them, here are the top headlines grabbing SHN readers’ attentions this week: Brookdale-Emeritus Merger Averted REIT Mega-Deal—It turns out Brookdale Senior Living (NYSE:BKD) wasn’t the only suitor looking to acquire Emeritus, but was just one among several other unnamed interested buyers, several of which analysts suggest may have been real estate […]
Health care reforms are paving the way for a slew of newer, innovative technologies that help improve quality of care at lower costs, and one senior housing investment group is seeing a big opportunity to fund fledgling startups focused specifically on senior care. Generator Ventures is an early-stage fund focused on startups in aging and […]
After recent speculation HCP, Inc. (NYSE:HCP) would be a target for acquisition due to inactivity, reports indicated the REIT is ready and waiting to close in on a new deal—a big one. According to a United Kingdom report this week by HealthInvestor, HCP is getting ready to back Formation Capital’s acquisition of HC-One, a care home […]
In case you missed it… here are the top five stories grabbing Senior Housing News reader attention this week: NorthStar to Acquire 80 Senior Living Properties in $1.05 Billion Deal—Real estate investment trust NorthStar Realty Finance Corp. (NYSE:NRF) announced it will acquire a $1.05 billion, 80-property senior housing and care portfolio from investment partnerships owned […]
NorthStar Realty Finance Corp. (NYSE:NRF) announced Monday an agreement to acquire a $1.05 billion senior housing and care portfolio from investment partnerships owned and managed by Formation Capital, LLC and Safanad Limited. The healthcare real estate portfolio consists of more than 8,500 beds in 43 mostly private-pay senior housing communities and 37 skilled nursing facilities. […]
Nontraded real estate investment trusts have made a splash in the senior housing and healthcare real estate market in the last few months, with some investors pointing to their impact as 2014’s biggest deal driver. Similar to REITs that trade on public exchanges, nontraded REITs also invest in real estate and must also distribute at […]
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