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 […]
Genesis Healthcare
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 […]
Senior living owner-operator CareOne is rumored to be looking into the sale potential of as much as $2 billion worth of real estate assets spanning dozens of senior housing and care communities, Reuters is reporting. Citing “people familiar with the matter,” Reuters confirmed the company has engaged Jeffries to “explore the possibility of its real […]
Top senior housing buyers are touting acquisition strategies fueled by relationships rather than relying on marketed properties that are often characterized by low cap rates and fierce competition. While the strategy was initially born out of many healthcare real estate investment trusts’ desire to “lock up” the best senior housing operators and become their capital […]
The Affordable Care Act is sure to impact the senior housing space, and the Big Three healthcare REITs expect their capital will be a crucial component for operators to stay in the game. “The winners from the operating standpoint will be able to create new operating models or paradigms to lower the cost of care,” […]
A resident’s quality of care compelled Genesis HealthCare to enter a settlement agreement with the Department of Health and Human Services Office for Civil Rights (OCR) earlier this week. The settlement follows a complaint that Genesis failed to provide a qualified interpreter to an deaf resident at its skilled nursing facility (SNF) in Randallstown, Maryland. […]
While some herald the Affordable Care Act as a much-needed reform bill that will change the face of the healthcare industry, others say it may contribute to forcing up to half of the nation’s hospitals and long-term care facilities into a merger or out of business altogether in upcoming years. A lot of factors play […]
Top executives from several different senior living companies weighed in on a variety of topics ranging from adjusting strategies to accommodate rising acuity levels to thoughts on development versus acquisitions at the National Investment Center for the Seniors Housing & Care Industry’s (NIC) annual national conference, held last week in Chicago, Ill. Here’s a collection […]