The stock market was rocked on Monday by a combination of factors, including concerns about the novel coronavirus, with a sharp downturn Monday morning triggering a temporary halt on trading — and the Dow Jones Industrial Average, the S&P 500, and the Nasdaq all ending the day down more than 7%. But even though the […]
Skilled nursing rents must decline by about 10% across the board in order to ensure the facilities’ long-term stability, a Wednesday report from Green Street Advisors has concluded. Real estate investment trusts (REITs) must achieve rent coverage of around 1.9 times to achieve stability for their tenants, the real estate research firm’s analysts Lukas Hartwich […]
Shareholders of Quality Care Properties (NYSE: QCP) on Wednesday voted to approve the company’s acquisition by fellow real estate investment trust Welltower Inc. (NYSE: WELL), marking the latest milestone in a mega-deal that will shake up the skilled nursing industry. The Bethesda, Md.-based QCP’s investors will receive $20.75 per share as part of the deal. […]
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 […]
A deal is being hammered out between skilled nursing giant Genesis HealthCare (NYSE: GEN) and its landlord Welltower Inc. (NYSE: HCN), which is meant to improve Genesis’ capital structure. Welltower, a Toledo, Ohio-based real estate investment trust (REIT), announced the likely transaction in conjunction with releasing its third-quarter 2017 earnings results Tuesday, though details were […]
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