Chartwell Sells Ontario LTC Portfolio For $446.5M; Preston Hollow Community Capital Finds Funds For New SNF

Chartwell Retirement Residents announced last week it will transition 16 of its Ontario long-term care homes, totaling 2,418 beds, to AgeCare Health Services and Axium Infrastructure Inc. for $446.5 million.  The deal equates to $358,456,029.93 in American currency. Chartwell’s management platform, which serves these 16 homes and another six homes with 866 beds, will be […]

Rumored Ascension Merger Could Fold SNFs into Largest Hospital Chain

If a rumored merger actually takes place, the nation’s largest hospital operator and the nation’s third-largest nonprofit senior care organization may become one in the same. St. Louis-based Ascension Health and Renton, Washington-based nonprofit health system Providence St. Joseph Health have been discussing the possibility of merging for months, The Wall Street Journal reported on Sunday, citing […]