Despite entering into an agreement last month to be acquired by private equity firm TPG for $278.8 million, Assisted Living Concepts (NYSE:ALC) isn’t out of the woods yet. The Menomonee Falls-based assisted living provider reported a net loss of $2.6 million in the fourth quarter ended Dec. 31, 2012, compared to a net income of $7.3 […]
Ventas Realty
Assisted Living Concepts (NYSE:ALC) posted a $4 million loss in the third quarter ended Sept. 30, 2012, compared to a net income of $5.8 million one year previously. Were it not for a slew of One Time Items in the quarter and the nine months ended Sept. 30, ALC’s third-quarter net loss would have been […]
Healthcare real estate investment trust Ventas, Inc. (NYSE:VTR) announced on Monday that it has sold 12 senior housing communities to operator Assisted Living Concepts, Inc. (NYSE:ALC) for $100 million in cash. ALC had been the tenant for these communities. Its leases with Ventas were terminated at the transaction closing, and the REIT no longer owns […]
Late Tuesday afternoon, troubled senior living operator Assisted Living Concepts, Inc. (NYSE:ALC) named Lt. General USAF (Ret.) Charles Roadman II, M.D., as its interim president and CEO. Assisted Living Concepts’ board fired former president and CEO Laurie Bebo, reports Bloomberg Businesweek, which cited an unnamed spokesperson as saying the board “thought it was time for […]
On April 26, Ventas Realty, Limited Partnership, filed a lawsuit against Assisted Living Concepts, Inc. and its assorted entities, alleging the defendants are in violation of their lease with Ventas Realty due to several ALC entities facing state regulatory actions for violations of regulatory statutes. Ventas Realty, whose sole general partner is Ventas, Inc. (NYSE:VTR), is the landlord […]
Subscribe
Receive industry updates and breaking news from SHN