Court: Kindred does not have to show appraisals to Ventas

Share this article:

Kindred Healthcare Inc. is claiming victory after the New York Supreme Court ruled that the nursing home chain does not have to turn over fair market rental appraisals to its main landlord, Ventas Inc.

The court instead ruled that Kindred has to provide Ventas with all the information provided to Kindred's appraisers in connection with appraisal reports on the 225 properties Ventas leases to Kindred. Kindred claims it has previously offered to share with Ventas any underlying information about the leased properties.

Ventas and Kindred are locked in an extremely high stakes battle over proposed rent increases. The dispute could lead to a very closely watched round of arbitration.

Ventas also appeared pleased by the latest court ruling, even though the court did not grant the real estate investment trust entitlement to the appraisals. Still, the court expects "full transparency," according to Ventas.

Last month Ventas demanded that Kindred offer all appraisal reports related to Ventas facilities. Kindred refused to provide the information and sought an injunction against Ventas. In May, Ventas disclosed it intended to increase aggregate base rents under the leases by $111 million — to $317 million per year.
Share this article:

More in News

House leader urges HHS to end settlements meant to cut Medicare backlog

The Department of Health and Human Services may not have had the authority to offer providers special settlements to help clear a huge backlog of Medicare appeals, a leading Congressman said in a recent letter to the agency. Rep. Kevin Brady (R-TX) is urging HHS ...

One-fifth of caregivers take 6 months or longer to choose a senior ...

A significant number of people take six months or longer to choose a senior care or housing option for a loved one, recently released survey results showed.

CMS releases updated Minimum Data Set manual

CMS releases updated Minimum Data Set manual

The Centers for Medicare & Medicaid Services released an updated version of the Minimum Data Set 3.0 Resident Assessment Instrument manual Friday.