Horizon Bay to Brookdale

Share this article:
Brookdale Senior Living will acquire Horizon Bay Realty, adding 90 communities with over 16,000 units to its portfolio. The deal is expected to close in August.

Brookdale agreed to restructure Horizon Bay's relationship with HCP Inc., with plans to own and operate 21 communities and lease 12 communities. The leased portfolio has a total of 1,547 units, including 156 skilled nursing units.

Meanwhile, Chartwell Seniors Housing REIT said management of 45 of its communities is going to Brookdale as a result of the acquisition.
Share this article:
close

Next Article in News

More in News

White House creates new national strategy on antibiotics

White House creates new national strategy on antibiotics

The Obama administration has unveiled a national strategy to combat antibiotic-resistant bacteria. It includes an executive order to direct the federal government to "reduce the emergence and spread of antibiotic-resistant ...

Medicaid provider agreement remains legitimate during bankruptcy proceedings, judge rules

Medicaid must continue to make payments to a Florida nursing home undergoing bankruptcy proceedings, a federal judge rule recently.

Legislator pushes for more HCBS services for Medicaid beneficiaries

Medicaid beneficiaries would have an opportunity to receive more care in a home or community-based setting if a House of Representatives bill passes.