Welltower chief calls $880M agreement with Genesis ‘mutually beneficial’ for companies’ shareholders
Apr 30, 2021
Welltower executives believe its $880 million agreement with Genesis HealthCare will work out favorably for both companies in their efforts toward post-COVID recovery.
CareOne alleges ‘flawed process’ in massive Genesis, Welltower deal
Apr 27, 2021
A one-time potential suitor is accusing Genesis HealthCare and Welltower of using a “flawed process” to reach an $880 million agreement that led to the real estate investment trust terminating leases...
Genesis leaves NYSE, charts path toward recovery but more LTC companies may be in danger
Mar 04, 2021
Genesis HealthCare announced Wednesday it will voluntarily delist its common stock from the New York Stock Exchange as part of a restructuring plan to improve the company’s financial and operational...
Welltower dumping most Genesis HealthCare holdings in $880 million deal, strengthens ProMedica joint...
Mar 03, 2021
Welltower is cutting most ties with beleaguered Genesis HealthCare, the company announced late Tuesday.
Also in the News for Tuesday, Oct. 6
Oct 06, 2020
Welltower appoints new CEO, announces sale of three portfolios … Wisconsin investigating at least 145 nursing homes for COVID-19 cases … Supreme Court refuses to hear Hollywood Hills nursing home’s...
McKnight’s 40 for 40: Thomas J. DeRosa
Lois A. Bowers
Sep 14, 2020
Welltower, which consistently earns spots at the top of the American Seniors Housing Association’s ASHA 50 ranking of largest senior living owners and Argentum’s list of biggest REITs, has displayed...
Ensign and Welltower drive long-term care to the lead in 2019 deal volume
Jan 26, 2020
There were more than 1,200 deals within the health services industry in 2019, and long-term care, once again, led the pack for all sectors, according to a PwC report.
Hospital chain will own HCR
Jun 08, 2018
Welltower Inc. and hospital operator ProMedica are acquiring Quality Care Properties Inc. for nearly $2 billion in an 80/20 deal. QCP was in the process of purchasing HCR ManorCare, which is emerging from...