Health Care REIT
Health Care REIT completed its public offering of nearly $19.6 million shares, for a total gross proceed of around $1.5 billion, the company announced Monday.
Health Care REIT Inc. agreed to acquire HealthLease Properties REIT , in a transaction valued at $950 million.
Sunrise Senior Living has promoted Chris Winkle to its top executive post. The firm's former COO replaces Penny McIntyre, who had been on the job for less than six months.
A state law to protect nursing home residents cannot be invoked to bring a suit against an assisted living provider, a federal judge recently ruled, reversing his earlier decision.
Health Care REIT is buying the remaining 20% equity interest in a Merrill Gardens 38-property portfolio, the two companies announced the final week of June. The additional $173 million investment will give full ownership to the REIT, which has agreed to a triple-net lease with Emeritus Senior Living to manage the properties. A third-quarter closing is anticipated.
Large real estate investment trusts are looking to get out of the skilled nursing sector, according to the Wall Street Journal.
Prominent real estate investment trusts are worried about the fiscal challenges facing skilled nursing homes, and some are looking to get out of the sector, according to the Wall Street Journal.
» Emeritus Senior Living recently said it wants to hire 1,000 veterans by 2018. The assisted living and skilled nursing provider says this is the first such veteran recruiting program in senior care. Emeritus has identified a wide range of positions veterans may be qualified for, including resident care director and driver.
Sunrise Senior Living turnaround chief plots new course as company and its acquirer record positive 3rd quarter resultsNovember 12, 2012
Mark Ordan, the CEO who has directed Sunrise Senior Living's recovery from near bankruptcy in 2009, will remain as CEO of the company for up to a year after the close of the company's sale to Health Care REIT.
Health Care REIT announced Tuesday that the value of its deal to purchase Sunrise Senior Living is no longer $1.9 billion, as announced last month. It's risen to $3.2 billion, thanks to value added by joint-venture acquisitions the two companies have agreed to.