Welltower Inc. - McKnight's Long Term Care News

Welltower Inc.

Also in the News for Tuesday, Oct. 6

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 appeal on license decision … Additional coronavirus federal funding made available for Texas nursing homes … NY nursing home fined $8K for infection control failures while treating COVID residents

McKnight’s 40 for 40: Thomas J. DeRosa

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 innovative thinking under Thomas “Tom” DeRosa, who has been CEO since April 2014.

Hospital chain will own HCR

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 bankruptcy proceedings, when the deal was announced. The nonprofit ProMedica will become a nationwide healthcare entity when the deal comes to fruition.…

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