Sabra, TPG Sell 8-Property Enlivant Portfolio in Pacific Northwest

A joint venture of Sabra Health Care REIT (Nasdaq: SBRA) and private equity firm TPG completed a sale of eight senior housing communities totaling 321 units in Oregon and Washington state to an Arizona-based private investor making its first senior housing acquisition. These communities were operated by Enlivant and were underperforming, Sabra CEO Rick Matros […]

Sabra Holds On New Enlivant JV, Announces $150M Senior Housing Deal

Sabra Health Care REIT (Nasdaq: SBRA) is turning its attention to returning to growth in 2020 and beyond, having spent 2019 revamping its portfolio and implementing a dynamic pricing strategy for its Enlivant senior housing communities. For the time being, The Irvine, California-based REIT is taking a wait-and-see approach before making any further moves with […]

Sabra Seeks New JV Partner for Enlivant Portfolio

Irvine, California-based Sabra Health Care REIT (Nasdaq: SBRA) is on the hunt for an investor to take a minority stake in a portfolio of 170 senior living communities operated by Chicago-based Enlivant. Sabra purchased a 49% equity stake in the portfolio in 2017, in a deal that valued the overall portfolio at $1.2 billion. The […]

Capital Senior Living Reportedly Rejected Multiple Bids from TPG

Capital Senior Living (NYSE: CSU) rejected several acquisition overtures from private equity firm TPG during recent months, Bloomberg reported Friday. Bloomberg cited unnamed sources with knowledge of the matter. TPG and Capital Senior Living declined to comment for this article. Shares of Capital Senior Living were up 19.44% as of mid-day Friday, trading at $4.30 […]

Kindred Rumored to Be in Advanced Sale Talks

The nation’s largest home health care provider, Kindred Healthcare (NYSE: KND), is in advanced talks to be purchased by insurance giant Humana Inc. (NYSE: HUM) and two private equity firms, including global private investment firm TPG, the Wall Street Journal reported on Sunday. Under terms of the rumored deal, private equity firms TPG and Welsh, Carson, Anderson […]

Sabra CEO Answers Skeptics with Enlivant Deal

On Tuesday, Sabra Health Care REIT (Nasdaq: SBRA) announced it had entered into a definitive agreement to acquire a 49% equity interest in a joint venture that owns 183 senior housing communities managed by Chicago-based operator Enlivant. The move is a “proverbial strategic win-win-win” for Sabra, Enlivant and the operator’s private equity ownership firm TPG, Enlivant […]

Sabra to Acquire 49% Stake in $1.62 Billion Enlivant Portfolio

Sabra Health Care REIT (Nasdaq: SBRA), which became the eighth-largest health care real estate investment trust (REIT) in the U.S. after a recent mega-merger, has plans to get even bigger. The Irvine, California-based REIT has entered into a definitive agreement to purchase a 49% equity interest in a joint venture that owns 183 senior housing […]

Senior Living Banks on Rebranding to Capture Boomers

A spate of rebranding initiatives in the senior housing space have seen companies dropping words like “retirement” and “assisted living” from their names, with varying motivators. Some have kept “senior living,” while changing other aspects of their brands. All are joined by the common thread of rebranding—and capturing the boomer consumer—although the exact reasons for […]

Judge Approves $12 Million Assisted Living Concepts Settlement

A United States District Court judge has approved a proposed $12 million settlement resolving a class-action lawsuit against Assisted Living Concepts and its former chief executive officer Laurie Bebo, the Milwaukee Journal Sentinel reports. Assisted Living Concepts and Bebo agreed to pay the $12 million cash settlement in early September.  Judge J.P. Stadtmueller approved the […]

Senior Housing’s Top 10 Mega Deals of 2013

Similar to 2011 and 2012, the senior housing industry was no stranger to mergers and acquisitions in 2013, with transactions ranging in size from one or two properties to chunks of high-profile portfolios and even entire companies. We’ve gathered the top 10 U.S.-based transactions that were announced or closed throughout the past year, starting with […]