When Shankh Mitra became CEO of Welltower (NYSE: WELL) last fall, it seemed to me that he faced a tricky leadership challenge. On the one hand, he had helped shape strategy for the real estate investment trust (REIT) as a top executive, and so he intended to maintain continuity as he took the helm. But […]
With over $4 billion invested since the fourth quarter of 2020, Welltower (NYSE: WELL) has added a “Covid class” of assets and operators to its portfolio, positioning the company for future growth. The Toledo, Ohio-based real estate investment trust (REIT) has executed so many deals in part because the organization’s CEO, Shankh Mitra, hit the […]
In May 2020, we ran a story arguing that Covid-19 was building the case for senior living providers to become involved in Medicare Advantage (MA). Now, there are signs that this is coming to pass: AllyAlign Health has raised a $300 million investment round Senior living-focused American Health Plans (AHP) is growing Rick Matros, CEO […]
One word describes Argentum’s 2021 list of the 150 largest providers in senior living: Disruption. Acquisitions and divestitures across the industry resulted in several changes on the list: nearly 30 providers moved up or down 10 or more spots, or are new entrants. Among the top 10 providers on the list, Atria Senior Living rose […]
By moving to acquire New Senior (NYSE: SNR) in a $2.3 billion transaction, leaders with Ventas (NYSE: VTR) made good on recently stated intentions. “We believe in the recovery story and are prepared to put our money where our mouth is,” Ventas CEO Debra Cafaro said at the Nareit conference on June 9. The New […]
When I learned that Atria Senior Living is acquiring Holiday Retirement, I thought back to April 2019. That month, I was at the event announcing the results of the NIC middle-market study. Much of the discussion focused on how new operating and financial models are needed to create middle-market senior housing at scale. I wondered […]
Welltower’s recent transaction to acquire 86 properties for nearly $1.6 billion in conjunction with Atria Senior Living’s acquisition of Holiday Retirement was at the right price and the right time. That’s according to several analysts who weighed in on the Toledo, Ohio-based company’s plan to acquire the portfolio of 80 nearly identical independent living communities […]
Atria Senior Living is acquiring the management services business of Holiday Retirement, while Welltower (NYSE: WELL) is buying the 86 properties that Holiday owned and self-managed. Welltower’s acquisition is valued at $1.58 billion. The deal represents the combination of two senior living heavyweights: Winter Park, Florida-based independent living giant Holiday, which ranked no. 3 in […]
Exceptionally tight labor markets are causing senior living worker shortages even in positions that usually are easier to fill — and these workforce challenges could slow the pace of post-pandemic occupancy recovery. “If you have 10 patients or residents that you’re going to admit over the next week or two, you have to have enough […]
National Health Investors (NYSE: NHI) on Thursday announced $1.8 million in rent deferrals for Holiday Retirement. The deferrals relate to rent for May, June and July. The Murfreesboro, Tennessee-based health care real estate investment trust (REIT) also agreed to release $600,000 per month from Holiday’s security deposit, for the same time frame. The deposit totaled […]
