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

Double homicide at Houston nursing home; victims' roommate arrested

Double homicide at Houston nursing home; victims' roommate ...

A double murder occurred late Tuesday night in a Houston nursing home room shared by four men, according to local authorities. Police arrested Guillermo Correa on suspicion of beating two ...

$2 million HIPAA settlement highlights mobile device risks facing healthcare providers

Laptops and other mobile devices containing personal health information have been stolen from long-term care ombudsman programs and other healthcare organizations, including from Concentra Health Services and QCA Health Plan Inc. Now, Concentra and QCA have agreed to legal settlements totaling nearly $2 million, federal ...

Long-term care nurses often 'scramble' to get family members' blessing for palliative ...

Nursing home residents might not transition to full palliative care until they are very near death, at which point nurses and family members act in a state of crisis, suggests recently published research out of Canada.