Former HCP President Hutchens Joins New Senior Board of Directors

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 […]

Report: HC-One for Sale for £1 Billion in UK

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 […]

HC-One Acquires 122 Senior Care Properties in UK

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 […]

Kai Hsiao to Exit HCP, Raising Questions About Executive Retention

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 […]

Monday Jump-Start: Change at HCP, Brookdale Lawsuit

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 […]

Hutchens to Leave HCP, Become CEO of U.K. Care Home Company

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 Backs $630 Million Investment In UK Senior Housing Portfolio

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 […]