National Health Investors (NYSE: NHI) on July 1 completed the sale of its National HealthCare Corporation (NHC) portfolio, leased to NHC, for $560 million with expected gains of about $541.6 million. It’s “one of the most significant corporate actions in NHI’s history,” NHI CEO Eric Mendelsohn said during the company’s 2Q earnings call on Tuesday. […]
NHC
A six-facility portfolio in Ohio, totaling 636 beds, changed hands. Meanwhile, Ensign added more nursing homes to its Texas footprint. Ensign Adds SNFs to Portfolio The Ensign Group (Nasdaq: ENSG) acquired two nursing homes in Texas via subsidiaries of its real estate investment trust, Standard Bearer REIT. The facilities total 250 beds and are located […]
National Health Investors (NYSE: NHI) continues to adjust its portfolio, reducing its holdings in skilled nursing facilities (SNFs) with a pending $560 million sale to its operating partner, while completing another non-SNF acquisition ahead of its first-quarter earnings release. “We’re confident that the steps we’re taking today are the right ones to strengthen the company […]
CIBC Bank USA and a Greystone Monticello affiliate, along with other co-lenders, provided 980Investments with $137 million to refinance a nursing home portfolio. 980Investments is owned by Simcha Hyman and Naftali Zanziper, and the 1,135-bed portfolio is located in North Carolina. CIBC additionally provided a $6.5 million revolving line of credit to support the ongoing […]
An activist investor of National Health Investors (NYSE: NHI) has called for changes to the real estate investment trust’s (REIT’s) board of directors , ahead of lease negotiations with one of the REIT’s largest tenants, National HealthCare Corporation (NHC). Land & Buildings Investment Management issued a letter to shareholders on Thursday, urging a shakeup in […]
National Health Investors Inc. (NYSE: NHI), much like other real estate investment trusts (REITs), is looking at deals across the continuum of skilled nursing and senior housing and looking into different ways to invest, including through joint ventures, executives said. “We’re hopeful that we’re seeing the tip of the iceberg,” said NHI Chief Investment Officer […]
The third financial quarter for the nation’s oldest publicly traded senior health care company was marked by a modest decrease in net operating revenues — largely due to the lack of federal stimulus support and the offloading of seven SNFs. National HealthCare Corporation (NYSE American: NHC) ended the third financial quarter with $270,843,000 in net […]
Leaders with National Health Investors Inc. (NYSE: NHI) said the company’s skilled nursing assets continue to be resilient in the face of financial challenges, including the proposed 4.6% cut to the Patient-Driven Payment Model (PDPM). While executives with the real estate investment trust (REIT) hope the Centers for Medicare & Medicaid Services (CMS) final rule is […]
Subscribe
Receive industry updates and breaking news from SNN.