Health Care REIT

$1.5 billion public offering for 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 acquires HealthLease Properties REIT

Health Care REIT Inc. agreed to acquire HealthLease Properties REIT , in a transaction valued at $950 million.

A new day for Sunrise

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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.

Assisted living residents cannot sue under nursing home law in New Jersey, federal court rules

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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.

REIT in $173M Merrill buyout

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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.

REITs to shed skilled sites

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Large real estate investment trusts are looking to get out of the skilled nursing sector, according to the Wall Street Journal.

Major REITs want out of the nursing home sector: report

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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.

Business briefs

» 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 results

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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.

Joint ventures increase value of Health Care REIT's buyout of Sunrise by $1.3 billion

Joint ventures increase value of Health Care REIT's buyout of Sunrise by $1.3 billion

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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.