Short Week Round-Up: Kindred Exits SNFs, ManorCare Misses Rent

It’s the end of a holiday-shortened week, but the days off didn’t stop a wave of SNF news. In case you’ve been enjoying some extra time away from the office, here’s what you missed. We continued to untangle the strands in Kindred’s deal to exit the SNF business, a blockbuster transaction that’s worth $700 million, $910 […]

[UPDATED] Kindred’s SNF Sale: Long-Term Benefits, Short-Term Drag

When Kindred Healthcare (NYSE: KND) finalized a blockbuster deal to sell its SNF portfolio for $700 million in cash at the start of the holiday weekend, the post-acute giant may have been making a long-term bet with significant upfront costs. Much of the $210 million that Kindred expects to net from the deal will come from […]

Kindred Strikes Deal to Sell SNF Business for $700 Million

About six months after announcing its intention to cease being an owner and operator of skilled nursing facilities, Kindred Healthcare (NYSE: KND) has struck a deal to sell its SNF business for $700 million in cash. The total value of the transaction to Kindred is expected to be $910 million, the Louisville-based company announced late […]

Transactions: MedEquities Makes $10 Million Skilled Nursing Play in Connecticut

MedEquities Pays $10 Million for Conn. SNF Real Estate MedEquities Realty Trust, Inc. (NYSE: MRT) acquired the real estate of Woodlake at Tolland Nursing & Rehabilitation Center, a skilled nursing facility in Tolland, Conn., from Prospect Medical Holdings, Inc. for a total of $10 million. The Nashville, Tenn.-based MedEquities plans to enter into a 12-year, triple-net lease […]

Why Sabra Bet on Skilled Nursing While Other REITs Bailed

Several publicly traded real estate investment trusts (REITs) have backed off skilled nursing in recent months and years, but one major player recently made an eye-popping investment in the asset class. The largest health care REITs — Ventas (NYSE: VTR), Welltower (NYSE: HCN), and HCP (NYSE: HCP) — all have either spun off the majority […]

The Rise of the Mid-Sized Skilled Nursing Buyer

In an almost paradoxical landscape, where the outlook for skilled nursing operators remains bleak while prices for individual SNFs have never been higher, one particular type of buyer stands to benefit the most — and it’s not the big boys or the mom-and-pops. Mid-sized SNF operators and owners — those with perhaps 15 to 30 properties — are in […]

Friday Round-Up: Key QCP/ManorCare Buyout Deadline Comes and Goes

It’s Friday afternoon, which means it’s time for a quick look back at the biggest skilled nursing headlines of the past week, and a peek into what could be on the horizon in the coming days. Skilled Nursing News brought you extensive coverage from the Post Acute Link Care Continuum Conference in our hometown of […]

Transactions: More Details on Skilled Nursing Operator’s Philly Exit

Mid-Atlantic Health, Philly’s Largest SNF Operator, Exits  The Timonium, Md.-based Mid-Atlantic Health Care made headlines last week when it exited the Philadelphia market, where it had previously been the largest provider of skilled nursing services. Now, the broker that helped negotiate the deal released a few extra details about the transaction. MIMA Healthcare of Lakewood, […]

Carlyle Group Reportedly Set on ManorCare Sale to QCP

The private equity firm that has owned skilled nursing provider HCR ManorCare for the past decade is currently in the process of “ceding control” to its landlord, Quality Care Properties, Inc. (NYSE: QCP), either through bankruptcy or an out-of-court settlement, the New York Post reported Sunday. Citing unnamed sources, the Post reported that Toledo, Ohio-based […]

Investor Appetite for Skilled Nursing Remains Meager in 2017

Senior housing investors are excited to grow their portfolios in 2017, but not necessarily through skilled nursing acquisitions, according to the latest CBRE U.S. Seniors Housing & Care Investor Survey. For the survey, commercial real estate services and investment firm CBRE Group, Inc. (NYSE: CBG) polled 74 influential senior housing developers, investors, brokers and lenders throughout the […]

SNF Transactions: Ensign Expands in Mountain West, CareTrust Enters N.M.

The Ensign Group Acquires SNFs in Idaho and Utah The Ensign Group (NASDAQ: ENSG) acquired the real estate and operations of three skilled nursing and one intermediate care facilities across Idaho and Utah: Meadow View Nursing and Rehabilitation, a 112-bed skilled nursing facility in Nampa, Idaho; Utah Valley Healthcare and Rehabilitation, a 99-bed skilled nursing facility in Provo, Utah; Heritage Park Healthcare and Rehabilitation, […]

Omega Acquires 18 UK Facilities, Denies Issues with Signature

Omega Healthcare Investors, Inc. (NYSE: OHI) yesterday announced the acquisition of 18 care homes in the United Kingdom — and, in the same release, denied a recent report that it had hired a third-party advisor to assist with financial difficulties at properties operated by Signature Holdings II, LLC. The Hunt Valley, Md.-based skilled nursing REIT bought […]