Ventas gets big gain in Q2

Share this article:
Ventas Inc. posted a huge gain in the second quarter, with revenues up by almost 70% compared to a year go.
The total revenue in the quarter was $616.4 million. A year ago, the revenue was $359.5 million.

In addition to acquiring some senior facilities managed by Sunrise Senior Living in May, Ventas recently acquired Nationwide Health Properties, Atria Senior Living Group and Cogdell Spencer.

Ventas also sold $275 million in senior notes in August. It said it expects to use the proceeds to prepay a $200-million loan due in 2013.
Share this article:

More in News

Long-term care continues to lead in deal volume and value: PwC report

Long-term care continues to lead in deal volume ...

Long-term care bucked healthcare industry trends with strong merger and acquisition activity in the second quarter of 2014, according to newly released data from professional services firm PricewaterhouseCoopers.

Empowering nurse practitioners could reduce hospitalizations from SNFs, study finds

Granting more authority to nurse practitioners is associated with reduced hospitalization of skilled nursing facility residents, according to recently published findings.

Pioneer ACO drops out of program, despite reductions in skilled nursing utilization

A California healthcare system has become the latest dropout from the Pioneer Accountable Care Organization program, despite reducing skilled nursing facility utilization and improving its readmission rates. Sharp HealthCare announced its decision in a quarterly financial statement released Tuesday.