South Carolina Assisted Living Community Sells for $1.9 Million Dave Balow, Patrick Burke and Brad Clousing of Glen Ellyn, Illinois-based Senior Living Investment Brokerage handled the recent $1.9 million sale of The Magnolias of Santee in Santee, South Carolina. The 31-unit, 22,046-square-foot assisted living and memory care community was sold by an owner/operator looking to […]
Kindred Healthcare Inc.
Happy Monday, Senior Housing News readers. On Sunday, actress Kristen Bell hung out with several Hurricane Irma evacuees—including Atria Senior Living residents. From Bell’s Twitter and Instagram presence, it seems like everyone had a great time: Guys, Corey cries when she’s happy too!!! #soulmates #HurricaneIrma #besthurricaneever #atriaseniorliving pic.twitter.com/NvFMg6XyZd — Kristen Bell (@IMKristenBell) September 10, 2017 Here’s […]
Following several blockbuster transactions in recent years, senior housing deal volume has begun to decelerate—and buyers are finally wisening up to the ideal sizes their companies aspire to. Specifically, various headwinds have caused assisted living deal volume to slow in recent months, but current valuations remain “really strong,” according to experts who spoke at the […]
After a tumultuous year for some of the biggest real estate owners and operators in skilled nursing, many are looking at the future of the space with one foot out the door. Punishing skilled nursing headwinds are creating a “deteriorating industry,” with few attractive prospects for the largest companies for at least five years, according […]
As temperatures began to plunge in Chicago, we were sure to bring our readers the hottest industry happenings, including the news that a major senior housing real estate owner has named a new CEO and president. Ventas Inc. also made a splash by announcing it would sell 36 Kindred-leased skilled nursing facilities for $700 million […]
After a long evening of counting votes on Tuesday, Donald Trump was declared as the next President of the United States. The impacts of a Trump presidency will soon be known, but Tuesday night fears swirled around a potential market collapse as Trump’s imminent victory created a sharp initial downturn. By Wednesday morning however, the outlook is […]
Kindred to Sell 12 LTAC Hospitals in Agreement with Ventas Kindred Healthcare, Inc. (NYSE: KND) has entered into a definitive agreement to sell 12 long-term acute care (LTAC) hospitals to Curahealth, LLC, an affiliate of a private investment fund sponsored by Nautic Partners, LLC, for $27.5 million. In connection with the sale of the hospitals, […]
Kindred Appoints Joseph L. Landenwich as General Counsel and Corporate Secretary Kindred Healthcare, Inc., the largest post-acute services provider in the country, has named Joseph L. Landewich as general counsel and corporate secretary, effective Jan. 31, 2016. He will assume the role following the retirement of M. Suzanne Riedman, chief counsel and chief diversity officer. […]
In a move mirroring the mega merger of Brookdale-Emeritus, home health juggernaut Kindred Healthcare, Inc. (NYSE:KND) has its sights set on acquiring a major competitor Gentiva Health Services, Inc. (NYSE:GTIV) in a deal valued at $1.6 billion. Under the proposal, Kindred would acquire all of the outstanding shares of common stock of Gentiva for a […]
Assisted living providers looking for ways to grab a piece of the post-acute care pie and simultaneously improve occupancy are exploring short-term care models that function as a private-pay bridge from hospital to home. In the skilled nursing industry, the split between the short-term, Medicare-reimbursed and long-term, Medicaid-reimbursed models is growing. As healthcare reform puts […]