Enlivant — the 11th-largest U.S. senior living provider in 2020 — is at a crossroads, with new CEO Dan Guill officially taking the reins this week, while questions about the company’s future ownership remain to be settled. With the CEO change, the story is largely one of continuity. Guill has been with the company since […]
TPG
Sabra Health Care REIT’s (Nasdaq: SBRA) partner in its Enlivant joint venture, private equity firm TPG, wants a resolution to the partnership before the end of the year. But the Irvine, California-based health care real estate investment trust (REIT) is not going to rush into an agreement, CEO Rick Matros said Tuesday during Sabra’s Q4 […]
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 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 […]
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 (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 […]
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 […]
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 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 […]
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 […]
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