A number of factors make China a prime frontier for senior living investment, and several U.S. investors have already begun to make significant inroads into the vast market. But other key players continue to avoid China, raising questions about the advantages and disadvantages of entering the Asian scene. Compelling aging demographics, coupled with a shift […]
Genesis Healthcare
Genesis HealthCare (NYSE: GEN) announced Monday that the company has signed an asset purchase agreement with Revera Inc. to acquire 24 of its U.S. skilled nursing facilities along with its contract rehabilitation business for $240 million. Under the agreement, Genesis will acquire the real estate of 20 of the 24 facilities and will enter into a long-term lease […]
Senior housing and care has attracted a growing amount of interest among investors who are are eager to capitalize on the industry’s favorable market fundamentals. Some of the top investors, health care real estate investment trusts (REITs), have been players in the space for years — but their growth strategies may soon be changing. With […]
Construction: Planned Developers Plan Luxury Senior Living Complex for Hilton Head Island Bayshore Retirement Partners plans to build a five-stroy, luxury senior living community on South Carolina’s Hilton Head Island, reports The Island Packet. The building will include 126 one- and two-bedroom units, a library, dining facilities, a pool, a full-service bar and lounge, a […]
American House Acquires Spring Lake, Michigan Community Bloomfield Hills-based American House Senior Living Communities is acquiring a 111-unit comment in Spring Lake, Mich., and has plans to renovate it, according to local reports. The community, now American House Lloyd’s Bayou, contains a mix of one- and two-bedroom apartments that range in size from 670 to […]
The market for health care technology abounds with a plethora of startups striving to develop the next big thing that improves quality of care in the most cost-efficient manner possible. As one global startup accelerator takes its network to the next level, such technologies may soon hit the market for senior living organizations in the […]
The biggest names in senior living converged at this year’s National Investment Center for Seniors Housing and Care (NIC) conference in Chicago. While the panels’ topics varied as widely as the operators, developers, REITs and third-party vendors who attended, a few key subjects permeated many of the senior living sessions. SHN compiled the following list […]
Sentio Healthcare Properties Acquires Community for $42.5 Million Sentio Healthcare Properties, Inc., a health care-focused real estate investment trust (REIT), recently announced the $42.5 million purchase of St. Andrew’s Village, a Class A, 246-unit continuing care retirement community (CCRC) in Aurora, Colo. The St. Andrew’s Village campus includes 146 independent living units, 60 assisted living units […]
Genesis HealthCare announced today it has signed a definitive agreement to merge with Skilled Healthcare Group, Inc. (NYSE: SKH) in a 100% stock transaction. Once the transaction is complete, the new company will operate under the Genesis HealthCare name and will be traded on the NYSE. The combined entity will operate a total of 449 […]
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 […]
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