Company news

Genesis, Kindred team up to tackle outcomes, transitions

Genesis, Kindred team up to tackle outcomes, transitions

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Two of the country's largest post-acute care providers are joining forces in an effort to improve quality and care transitions.

2016 deals in LTC boomed

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Long-term care transactions had the largest deal volume and value of any healthcare sector last year, according to a recent report.

CareTrust spends $96 million to purchase four Texas SNFs

CareTrust spends $96 million to purchase four Texas SNFs

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CareTrust REIT Inc. acquired a portfolio of four Texas skilled nursing properties for $96 million, the company announced in early December.

Genesis CEO plots 2017

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Genesis HealthCare CEO George Hager Jr. said in a recent interview that he hopes nursing homes will see "federal funding that is additive to the inadequate Medicaid funding" in 2017 — although it's still likely to be short.

Kindred spends $700M with Ventas to ready for SNF exit

Kindred spends $700M with Ventas to ready for SNF exit

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Kindred Healthcare Inc. has entered into an agreement to purchase 36 skilled nursing facilities from Ventas ahead of its exit from the skilled nursing sector, the provider announced in November.

Guru predicts consolidation

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The skilled nursing sector could see increased operator consolidation in the coming years, according to an official with the National Investment Center for Seniors Housing & Care.

Genesis: SNF selloff to trim rent outlays by $10.5 million

Genesis: SNF selloff to trim rent outlays by $10.5 million

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Genesis HealthCare expects to save $10.5 million in rent payments following the sale of 92 skilled nursing facilities previously leased by its biggest landlord, the long-term care giant announced in early November.

HCP closes on SNF spin-off

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HCP Inc. completed its previously announced spin-off of its troubled HCR ManorCare skilled nursing and assisted living portfolio into a new real estate investment trust on Oct. 31.

Genesis, UNM partner up to  cut hospital readmissions

Genesis, UNM partner up to cut hospital readmissions

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The nation's largest provider of skilled nursing services is teaming with the University of New Mexico Health System in an effort to tackle the growing issue of hospital readmissions among nursing facility residents.

Occupancy hits 5-year low

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Occupancy rates for skilled nursing facilities dropped to 82.2% in the second quarter of 2016 — the lowest level in five years, according to a report released in September by the National Investment Center for Seniors Housing & Care.

Sabra 'prudently' divesting  29 Genesis-managed SNFs

Sabra 'prudently' divesting 29 Genesis-managed SNFs

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Sabra Health Care REIT is the latest in a string of real estate investment trusts looking to distance themselves from problematic skilled nursing portfolios.

CareTrust to add two SNFs

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CareTrust REIT Inc. acquired a portfolio of two California skilled nursing facilities, along with two seniors housing properties, for $34.4 million, the company announced in August.

Griffin-American picks up five Boston SNFs for $65.5 million

Griffin-American picks up five Boston SNFs for $65.5 million

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Griffin-American Healthcare REIT III Inc. acquired five Massachusetts skilled nursing facilities in the second quarter of 2016, the company announced in July.

CA community sells for $6M

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CareTrust REIT Inc. has acquired a California skilled nursing facility for $6.9 million, the company announced in early August.

Look for business guidance in claims data, expert says

Look for business guidance in claims data, expert says

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Nursing home providers should use claims data to identify trends that may shift their business plans, one expert recommended in June.

Occupancy is steered by flu

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Skilled nursing facilities experienced slightly increased occupancy rates in the first quarter of 2016, likely due to winter-related causes such as flu and falls, according to the National Investment Center for Seniors Housing & Care.

REITs wary of skilled nursing sector woes, report asserts

REITs wary of skilled nursing sector woes, report asserts

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Real estate investment trusts are becoming increasingly cautious of the pitfalls associated with skilled nursing portfolios, according to a report from Fitch Ratings.

ManorCare, HCP Inc. sued

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HCP ignored fraud and misled investors about the performance of ManorCare, its skilled nursing portfolio, according to a class action filed in May.

For-profit shortfalls deserve  additional safeguards: report

For-profit shortfalls deserve additional safeguards: report

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A study in PLOS Medicine argues that previous research pointing to allegedly inferior care in for-profit skilled nursing facilities should drive the development of ways to protect vulnerable residents.

PA provider OKs $15 wage

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A Pennsylvania long-term care provider has agreed to a new contract that will pay most certified nursing assistants $15 an hour within five years.

Midsize, for-profit SNFs on the rise, CMS data reveals

Midsize, for-profit SNFs on the rise, CMS data reveals

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Medium-sized nursing homes and for-profit facilities have seen the biggest increases in number of facilities over the last five years, according to new data from the Centers for Medicare & Medicaid Services.

TX portfolio sets record

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Dallas-based Regency Post-Acute Healthcare System has sold a portfolio of 33 Texas skilled nursing facilities to Capital Senior Ventures, the companies announced in March.

Pilot program at Brookdale lowers hospital admissions

Pilot program at Brookdale lowers hospital admissions

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A pilot program designed to curb hospital admissions in Brookdale Senior Living's communities has shown positive returns, the company announced in late February.

TeamHealth aims for PAC

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Physician staffing firm TeamHealth is aiming to acquire post-acute physician groups in 2016 following its purchase of IPC Healthcare Inc.

Mergers, acquisitions climb, thanks to 'small deal' boom

Mergers, acquisitions climb, thanks to 'small deal' boom

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The senior care market closed out 2015 with more mergers and acquisitions than in 2014, but the dollar value of those deals was significantly less, according to a new report.

Proxy battle is avoided

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Long-term care provider Extendicare has reached an agreement with investment firm Oxford Park Group that will help avoid a "distracting proxy contest," the company announced in late January.

Mid-Atlantic expands skilled care portfolio in Maryland

Mid-Atlantic expands skilled care portfolio in Maryland

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Mid-Atlantic Health Care LLC has acquired a portfolio of four skilled nursing facilities that will spread its presence in Western Maryland.

Outlook strong for 2016 deals

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Mergers and acquisitions in the healthcare sector are set for a robust 2016, according to a new report.

Signature now dominates KY following Elmcroft purchase

Signature now dominates KY following Elmcroft purchase

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Louisville-based Signature HealthCare LLC is now the largest post-acute network in Kentucky, thanks to the acquisition of a fellow Louisville company's skilled nursing division.

SCC still in growth mode

Senior Care Centers acquired two Texas skilled nursing facilities in a $23 million deal, the Dallas-based company announced in December.

CareTrust REIT pays $177 M  to boost skilled care holdings

CareTrust REIT pays $177 M to boost skilled care holdings

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CareTrust REIT has completed the acquisition of a $177 million skilled nursing portfolio from Liberty Healthcare in Ohio, the company confirmed in October.

IPC acquires hospitalist

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Post-acute provider and hospitalist staffing firm IPC Healthcare has acquired Chicago-based Hospital Medicine Consultants LLC, the companies announced in late October.

Trilogy acquired by two REITs in another billion-dollar deal

Trilogy acquired by two REITs in another billion-dollar deal

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A joint venture between Griffin-American Healthcare REIT III and NorthStar Healthcare Income Inc. acquired senior healthcare provider Trilogy Health Services for $1.125 billion, the companies announced in late September.

Brookdale to tempt suitors

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A report released by investment firm Goldman Sachs named Brookdale Senior Living among six healthcare companies that make tempting targets for buyers.

TeamHealth pays $1.6 billion to buy IPC, skilled care access

TeamHealth pays $1.6 billion to buy IPC, skilled care access

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Physician staffing company TeamHealth acquired post-acute care group IPC Healthcare Inc. for $1.6 billion, the companies announced in August.

Ventas done with spin-off

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Ventas Inc. announced it has completed the spin-off of the majority of its post-acute and skilled nursing facility portfolio into an independent, publicly traded REIT.

Granite acquires $90 million portfolio of newer buildings

Granite acquires $90 million portfolio of newer buildings

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Granite Investment Group acquired a $90.1 million portfolio of five South Texas skilled nursing facilities in mid-July. The acquisition, which was completed through two off-market transactions, brings the Irvine, CA-based company's total portfolio value to $540 million. The company's portfolio is primarily comprised of senior housing facilities.

Extendicare closes sale

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Extendicare closed the $870 million sale of its United States facilities to an investor group led by private equity firm Formation Capital LLC.

Genesis will acquire 24 SNFs in $240 million Revera deal

Genesis will acquire 24 SNFs in $240 million Revera deal

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Genesis Healthcare will acquire 24 skilled nursing facilities from Revera Inc., as part of a $240 million portfolio.

Sabra gains 678 new beds

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Sabra Health Care REIT Inc. purchased four Maryland transitional care facilities for $234 million, the company announced in late June.

NorthStar adding 15 CCRCs: Portfolio now tops $2 billion

NorthStar adding 15 CCRCs: Portfolio now tops $2 billion

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NorthStar Healthcare Income Inc. closed on a $639.3 million portfolio of continuing care retirement communities in mid-June.

Ventas has record quarter, unveils SNF spin-off plans

Ventas has record quarter, unveils SNF spin-off plans

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Real estate investment trust heavyweight Ventas flexed its muscles during the first quarter of 2015 as it reported record revenues and a plan to spin off most of its skilled nursing portfolio.

A Mercy-LSS deal is near

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Pending board approval of both organizations, Mercy Hospital St. Louis was preparing to transfer the ownership of 120 skilled nursing beds on its campus to Lutheran Senior Services.

Hebrew Home needs to sell

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Due to economic hardship, Hebrew Hospital Home is seeking a New York court's permission to sell its 160-bed senior residence facility in Westchester County.

Greystone acquires Autumn amid a troubling indictment

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Florida-based Greystone Healthcare Management has forged ahead with its acquisition of Autumn Health Care despite the central Ohio chain's former owner being indicted on charges of Medicaid fraud, forgery and operating a nursing home without a license.

Kindred deal lands Gentiva

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Kindred Healthcare has completed its purchase of Gentiva Health Services in a deal valued at $1.8 billion, including assumed debt.

Brookdale encounters a new problem: separation anxiety

Brookdale encounters a new problem: separation anxiety

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Embattled Brookdale Senior Living is being asked by a major shareholder to spin off its real estate holdings and revamp its governance board.

BusinessBriefs for February 2015

» Senior Housing Properties Trust will buy 38 senior-living communities for $790 million from CNL Lifestyle Properties Inc., including assumption of debt. The deal is expected to close in the second quarter. The communities encompass 3,466 total living units. This includes 826 independent living units, 1,860 assisted living units, 744 memory care units and 36 skilled nursing beds.

Ventas buy adds payoff

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Ventas has declared a prorated common stock dividend, pending the completion of its American Realty Capital Healthcare Trust purchase.

Many boomers not ready to make seniors housing move

Many boomers not ready to make seniors housing move

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Seniors housing companies prepping for baby boomers may encounter prospects who are largely unwilling and unable to relocate.

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