Standard & Poor’s is contemplating a downgrade of ProMedica Health Systems’ credit rating, in light of the nonprofit’s acquisition of struggling skilled nursing giant HCR ManorCare. That transaction—a joint venture with real estate investment trust Welltower (NYSE: WELL)—closed last week. While asserting that the non-profit health system still has an A+ rating for its long-term […]
Standard & Poors
Despite mixed financial results, the not-for-profit senior living sector remains stable as it juggles expense pressures to boost occupancy, a Standard & Poor’s (S&P) report finds. Median ratios for the sector were mixed in 2013, with weaker operating and excess margins offset by balance sheet improvements, particularly liquidity. “Organizations’ cash balances are the strongest they’ve […]
Despite continued concern about the performance of real estate investment trusts in light of a rising interest rate environment, REIT performance overall is not expected to slow down, according to a report from global ratings agency Standard & Poor’s. North American REITs, collectively, maintain a stable outlook through 2013 and 2014, says S&P Real Estate […]
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