Sabra Health Care REIT (Nasdaq: SBRA) has made some major skilled nursing waves over the past year, with its acquisition of Care Capital Properties and ongoing attempts to shed assets operated by troubled provider Genesis Healthcare (NYSE: GEN). Rick Matros, the Irvine, Calif.-based real estate investment trust’s (REIT) CEO, has been outspoken about the changes sweeping the […]
Genesis
Welltower Inc. (NYSE: HCN) wants to expand its joint ventures with operating partners, to capture some of the financial upside from communities that are outperforming their local markets. But don’t expect the real estate investment trust (REIT) to partner with Brookdale Senior Living (NYSE: BKD) on these types of JVs, at least any time soon. […]
Two of the nation’s largest post-acute care providers are forging a “strategic clinical collaboration,” through which they intend to offer complementary, coordinated services. The relationship between Genesis HealthCare (NYSE: GEN) and Kindred Healthcare (NYSE: KND) is the first of its kind in the post-acute space, Genesis CEO George V. Hager said in a press release […]
Welltower Inc. (NYSE: HCN) is undertaking a major repositioning of its portfolio, increasing its disposition target for the full year to $4.1 billion. Previously, Welltower’s guidance for the year targeted $1.3 billion in dispositions. As of Sept. 30, 2016, the company had closed on $832 million in total dispositions. As part of this newly announced portfolio repositioning […]
When Omega Healthcare Investors (NYSE: OHI) announced that it would be acquiring Aviv REIT (NYSE: AVIV) in 2014, CEO Taylor Pickett described the combined company as the “premier pure-play skilled nursing REIT.” Today, skilled nursing still accounts for the vast majority of the REIT’s roughly 900 properties, but “pure play” may become a stretch as the […]
Genesis Healthcare (NYSE: GEN) has become the latest major post-acute care provider to strike a settlement with federal authorities to resolve allegations of improper billing practices, this time to the tune of $52.7 million. Kennett Square, Pennsylvania-based Genesis has been under four separate DOJ investigations, all of which will come to an end through the […]
Today Health Care REIT (NYSE: HCN) and Revera, Inc. announced they have entered into an agreement to acquire Canadian senior housing operator Regal Lifestyle Communities Inc. (TSX: RLC) for $623 million through an existing 75/25 joint venture between the two companies. The Toronto, Ontario-based Regal owns and operates 23 senior housing communities with more than […]
HCP Inc. (NYSE: HCP) on Monday disclosed that the U.S. Department of Justice is charging its major skilled nursing facility tenant, HCR ManorCare, with submitting false Medicare claims. The news came two months after analysts pressed HCP leaders about the ongoing government investigation into ManorCare, and less than a month after the large-cap real estate […]
The latest move by Ventas, Inc. (NYSE: VTR) to spin off its skilled nursing assets into a separate real estate investment trust (REIT) may have come as a surprise for a company that has continually touted the diversification of its portfolio. But the move may actually position the REIT as having a strategic advantage against […]
Health Care REIT, Inc. (NYSE: HCN) has completed its largest ever overnight stock offering, raising gross proceeds of about $1.5 billion that will be used in part to invest in seniors housing properties, the company announced today. The public offering of nearly 19.6 million shares came on the heels of HCN’s recently announced $2.2 billion […]
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