Movers & Shakers: Spectrum Retirement’s New President, COO

Spectrum Retirement Names New President, COO Spectrum Retirement named Bradley Kraus as president and COO, effective immediately. Kraus has worked for Spectrum for four years, most recently serving as senior vice president of business development. Before joining Spectrum, he was a senior associate in the real estate practice of Cerberus Capital Management. He began his […]

Senior Housing Investments & Transactions: NHI, CareTrust REIT

The Ensign Group Makes Moves Nationwide In separate announcements, The Ensign Group, Inc. (NASDAQ:ENSG) — the parent company of the Ensign group of skilled nursing, rehabilitative care services, home health care, hospice care, assisted living and urgent care companies — acquired 10 skilled nursing and assisted living operations in Arizona, the operations and real estate of a skilled […]

In the Pipeline: Senior Housing Construction Projects (8/28/14)

Construction: Planned Council Approves Assisted Living Plans for National HealthCare Corporation South Carolina’s Bluffton Planning Commission this week signed off on plans by National HealthCare Coropration to add a 56-bedroom assisted living community and a 20-unit memory care section on 4.5 acres along S.C. 170, reports The Beaufort Gazette. Final approval of the $12.8 million […]

NHC Renews $75 Million Credit Line, Plans Future Senior Living Investment

National HealthCare Corporation (NYSE: NHC) announced this week the renewal of a $75 million credit line with Bank of America that the company plans to use toward future expansion in senior living services including assisted living, skilled nursing, home care and hospice.  The company currently provides services to 68 long term care communities spanning 9,450 […]

NHI Acquires SNF Portfolio in $37 Million Deal, Sells Six Others

National Health Investors (NYSE:NHI) announced on Tuesday the acquisition of eight skilled nursing facilities in a $37 million transaction, along with the sale of six skilled nursing facilities and the resolution of a settlement agreement involving ElderTrust and SeniorTrust. NHI completed the acquisition from ElderTrust of Florida, Inc. on August 30 for $23.3 million in […]

NHI Must Buy Back Senior Care Assets from Nonprofit in $40 Million Settlement

National Health Investors, Inc. (NYSE:NHI) and its largest tenant, National Healthcare Corporation, announced last Friday an agreement that resolves a long-standing dispute surrounding accusations they overpriced assets sold to two nonprofit senior care entities they helped establish. The settlement includes the sale of 14 nursing homes and liquidation of the nonprofits’ assets, which will ultimately […]

NHC Buys 6 Senior Care Centers from NHI for $21 Million

National HealthCare Corporation (NYSE MKT:NHC) recently acquired six skilled healthcare centers from National Health Investors (NYSE:NHI) for $21 million in a transaction that closed on Dec. 31, 2012. The senior care centers are located in Columbia, Knoxville, and Springfield, Tenn., Madisonville, Ky., and Rossville, Ga. and have been leased by NHC since 1991. The portfolio […]

Senior Housing Finance Activity: Ziegler, Walker & Dunlop, More

Walker & Dunlop Secures $381.8 Million Refinance for REIT SNF Portfolio Walker & Dunlop recently secured a $381.8 million refinance for healthcare REIT Extendicare Health Services’s 51-property portfolio of skilled nursing facilities, reports Globe St. The deal was complex due to its structure as separately obtaining refinancing each property using the Department of Housing and […]