Welltower (NYSE: WELL) and an investment group led by real estate and private equity investor Safanad have announced plans to recapitalize HC-One, the largest care home operator in the UK. The two companies will de-leverage HC-One, extend its debt maturity by five years and provide the company with new equity to invest in its communities […]
HC-One
Justin Hutchens has stepped down as CEO of HC-One, the largest care home provider in the United Kingdom, and will return to the United States to take a job in health care finance and investment. The details of Hutchens’ new position will be publicly disclosed “in due course,” HC-One noted in announcing the news. Hutchens […]
New Senior Investment Group (NYSE: SNR) appointed Justin Hutchens to its board of directors, the New York City-based health care real estate investment trust announced Wednesday. His appointment is effective immediately, New Senior said in a statement. Hutchens is currently chief executive officer of HC-One, one of the largest care home operators in the United […]
HC-One, the largest care home operator in the United Kingdom, is for sale for £1 billion, according to a report from FT. Corporate finance boutique Gleacher Shacklock has been chosen to act on the sale, FT reported, citing sources familiar with the matter. U.S. real estate investment trusts (REITs) and Asian insurers, as well as […]
The United Kingdom has a new largest care home operator—and a former U.S. senior housing heavyweight will soon be at its helm. HC-One on Wednesday announced its intention to acquire 122 care homes from Bupa, a London-based health care company that comprises care home operator Bupa Care Services, Bupa Health Clinics, Bupa UK Insurance, Oasis […]
HCP Inc. (NYSE: HCP) is on the hunt, once again, for new executives. Last year, the Irvine, California-based health care real estate investment trust (REIT) had planned to launch ‘HCP 3.0’ with a series of promising new hires—but achieving that has involved HCP going “3 or 4 steps forward, 1 step back,” Executive Chairman Mike McKee said Tuesday on an […]
Happy Monday, Senior Housing News readers! Hopefully your weekend was filled with something other than taxes. Here’s a recap of some of the stories SHN covered last week: We published the first installment of SHN’s “Confessions” series, where an anonymous architect talked about senior living clients’ worst habits, the hype around innovation, and how to […]
Four months after becoming president of HCP Inc. (NYSE: HCP), Justin Hutchens has decided to leave the major senior housing real estate investment trust (REIT) to become CEO of HC-One, one of the largest care home operators in the United Kingdom. Hutchens will remain at HCP through June 1, the Irvine, California-based company announced Monday morning. “Though […]
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 […]
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 […]
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