Genesis to Pay $52.7 Million DOJ Settlement

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 […]

3 Lessons for a Firmer Grasp of Skilled Nursing Risks

At the outset of the year, it appeared investors might find skilled nursing sexy again in 2016. One quarter in, skilled nursing is garnering a lot of attention, but some investors are attracted while others appear to be rejecting these assets as too risky. At least, that’s judging by questions asked and some heated discussions […]

Senior Housing Investments & Transactions: Welltower, Summit

Welltower Buys Florida Senior Living Community for $79 Million Welltower (NYSE: HCN) acquired the 325-unit Aston Gardens senior living community in Parkland, Florida, for $78.62 million, or $241,908 per unit. AG Parkland Senior Housing I LLC, an affiliate of Boca Raton, Florida-based Kayne Anderson Real Estate Advisors, sold the retirement community to the Toledo, Ohio-based REIT. The […]

Kindred, Ventas, Seek to Close Wisconsin’s Largest Nursing Home

National long term care provider Kindred is seeking permission from the Department of Health Services to close Wisconsin’s largest nursing home, currently leased by the company from Ventas.  Based on a joint decision between the landlord and Kindred, the company has requested permission to close Kindred Transitional Care and Rehabilitation-Milwaukee—a 473-bed nursing home that is […]