Quality Care Properties (NYSE: QCP) has reached an agreement to take over full equity ownership of its tenant, skilled nursing provider HCR ManorCare. As a result of the transaction, QCP expects to lose its status as a real estate investment trust (REIT), the company announced this morning. The transaction follows a long period of financial […]
A new company from HealthSwap Advisors is looking to bring transparency and efficiencies to the buying and selling of health care bed licenses. Launched last year, the Bed License Exchange is a marketplace that allows investors and operators to buy and sell these licenses in a confidential, auction-style platform. “Up until this point, bed license availability […]
After a year that saw reports of eye-popping prices for skilled nursing beds, the trend appears to be headed in the opposite direction. The per-bed price for skilled nursing facilities dropped 1% between the third and fourth quarters of 2017, falling to $83,800 according to the most recent data from the National Investment Center for […]
HFF Announces Sale of San Antonio SNF HFF announced the sale of the 144-bed Mesa Vista Inn Healthcare Center, a post-acute skilled nursing facility in San Antonio, Texas. HFF marketed the property for Kayne Anderson Real Estate, the seller, and procured the buyer, an O&M Investments affiliate. Harborview Capital Partners Arranges $47.5M Bridge Loan Harborview Capital Partners, a commercial […]
The Ensign Group (NASDAQ: ENSG) announced solid earnings for the fourth quarter of 2017 — and took a not-too-subtle shot at some of its competitors. The Mission Viejo, Calif.-based post-acute provider saw a 40.2% increase in revenues related to transitional and skilled nursing care from the fourth quarter of 2016, along with gains in occupancy […]
Low occupancy, political and regulatory uncertainty, staffing crunches, and reimbursement pressures present a fraught landscape for skilled nursing players to navigate. But companies that are looking to sell — or buy— will have plenty of opportunities in 2018. And as they seek each other out, localization will be a major force. “The skilled nursing business […]
Just when it seemed like the skilled nursing industry had enough potential issues on its plate for 2018 — potential cuts to Medicaid and Medicare, ongoing reimbursement pressures, and staffing woes — the historically healthy stock market took a major tumble. Sabra Health Care REIT (NASDAQ: SBRA), Ventas Inc. (NYSE: VTR), and other health care […]
Kindred Healthcare, Inc. (NYSE: KND) elected to exit the skilled nursing space last year due to industry headwinds, but the provider is still cautioning that the wind might not necessarily be at its back going forward. In a Monday presentation to investors, the Louisville, Ky.-based company cited low reimbursements, labor cost pressures, and the potential […]
More than 60 skilled nursing facilities across six states have new operators after a major real estate investment trust (REIT) decided to make a change. The portfolio stretches across six states in the Midwest and Pacific Northwest, with a total of 5,500 beds, according to Cascade Capital Group, which facilitated the deal. The identity of […]
Nursing homes dragged down overall senior housing transaction volume in 2017, according to preliminary data from the National Investment Center for Seniors Housing & Care (NIC). Nursing care transactions volume fell 10.8%, from $7 billion in 2016 to $6.2 billion in 2017. By contrast, seniors housing increased 4.5% percent, rising to $7.9 billion in 2017 […]
As millions of Americans grapple with opioid abuse disorders, skilled nursing facilities are attractive locations for drug treatment facilities. With more than 2 million people in the U.S. having a substance abuse disorder, according to the Department of Health and Human Services (HHS), the demand for care is spiking. “There’s this huge need for additional […]
Mergers and acquisitions dominated the hospital and health system landscape in 2017, and the deals indicate the growth of strategic transactions. That’s the takeaway from a new health care M&A report from Kaufman Hall, a Skokie, Ill.-based consulting firm. Last year, 115 health care deals with transacted revenue of $63.19 trillion were announced, the highest number […]
The former CEO and co-founder of Care Investment Trust will join Blueprint Healthcare Real Estate Advisors next month as the firm’s first president and CEO — and he predicts the market will be ripe for transactions in the coming year. Salvatore “Torey” Riso’s first goal will be to get a sense of where Blueprint’s business […]
Altercare Integrated Health Services, which operates 21 nursing care and rehabilitation centers in Michigan and Ohio, entered an agreement to acquire the operations of six centers in Ohio that are managed by Greystone Healthcare Management. Two remaining facilities are expected to follow in the next several months. Based in Tampa, Fla., Greystone Healthcare Management manages […]
Headwinds in the skilled nursing industry have forced many non-profits to operate at a significant financial loss, to the point that SNF assets are becoming a drag on their overall health. That’s according to Lisa McCracken and Dan Revie, writing in Ziegler Investment Banking’s Senior Living Z-News, which covered the dispositions and closures of not-for-profit […]
Genesis Nursing Home in Dayton Sells for $4.8M The 120-bed Genesis HealthCare New Lebanon Center was sold on Jan. 4 for $4.85 million to two limited liability companies: New Lebanon Propco LLC and New Lebanon Propco TIC II LLC. The Dayton Business Journal reported the sale, citing property records in Montgomery County, Ohio. Both companies list […]
A nursing home owner and operator in New York City will be required to open two new facilities as part of a settlement announced late last week. New York State attorney general Eric Schneiderman also slapped the Brooklyn-based Allure Group with $2 million in fines stemming from the company’s acquisition and subsequent sale of two […]
Greystone Provides $23.5M HUD Loan for Suburban New York SNF Greystone, a New York City-based real estate lending, investment and advisory company, provided a $23.52 million permanent loan insured by the U.S. Department of Housing and Urban Development (HUD) to refinance The Willows at Ramapo Rehabilitation and Nursing Center in Suffern, N.Y. The long-term Federal Housing Administration (FHA) financing has […]
Senior officials from skilled nursing and other health care companies are approaching 2018 confident in their mergers and acquisitions (M&A) strategies, according to a survey conducted by Capital One Financial Corporation. Among those surveyed, exactly 50% identify M&A as their primary growth strategy in 2018 — a substantial growth compared to last year’s survey, where […]
After a 2017 that saw a change in presidential administrations, continuing occupancy pressures, declarations that the industry is in a historic downward spiral, and the most sweeping tax overhaul in a generation, players in the skilled nursing mergers-and-acquisitions world might be wondering if 2018 could possibly bring even more turmoil. Earlier this week, Skilled Nursing […]
By continuing to use the site, you agree to the use of cookies. More Information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. For more information, see our cookie policy.
