American Healthcare REIT fell short of its targeted initial public offering (IPO) amount, raising $672 million. The Irvine, California-based real estate investment trust was aiming to raise up to $840 million. Shares were sold at the bottom of a marketed range, adding to a run of modest performances as more companies moved ahead with new […]
Bloomberg
Bank of America strategists point to nursing homes, among other riskier sectors, being behind more defaults in the $4 trillion municipal bond market this year. Expectations come after a 122% surge in first-time payment defaults for January 2023 compared to a year ago, according to a report published by Bloomberg on Tuesday. That translates to […]
The Centers for Medicare & Medicaid Services (CMS) is in a “full court sprint” toward fulfilling the Biden administration’s proposed nursing home reforms first announced last week, CMS Principal Deputy Administrator Jonathan Blum said during a stakeholder call on Thursday. Twenty-one initiatives across five strategic goals will have short-, mid- and long-term timelines for implementation, […]
CareTrust REIT Inc. (Nasdaq: CTRE) is considering a sale, among other strategic options, according to unnamed sources cited by Bloomberg. The San Clemente, Calif-based real estate investment trust (REIT) is working with an advisor to gauge interest from potential suitors, including competitors in the skilled nursing space and other real estate-focused investment firms, as reported […]
Fortress Investment Group LLC is in talks to acquire some of the non-core assets of the real estate investment trust (REIT) Colony Capital (NYSE: CLNY), including its skilled nursing portfolio, Bloomberg reported on March 8. Fortress, which is based in New York and is owned by SoftBank Group, has about $50 billion of assets under […]
Sabra Health Care REIT, Inc.’s (NASDAQ: SBRA) impending merger with Care Capital Properties (NYSE: CCP) has been met with resistance from two shareholders, and while the aggrieved parties control only a small percentage of the Irvine, Calif.-based real estate investment trust (REIT), one commentator says they can still make closing the deal difficult. Shareholders Eminence and Hudson […]
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