Welltower (NYSE: WELL) leaders elaborated on the company’s major expansion in the U.K., following its acquisition of a Barchester Healthcare portfolio for approximately $6.92 billion, as well as gaining 100% equity ownership in HC-One for about $1.6 billion. Welltower CEO Shankh Mitra said during the real estate investment trust’s (REIT) Q3 2025 earnings call that […]
Welltower (NYSE: WELL) has acquired a Barchester Healthcare portfolio for about £5.2 billion, which equates to about $6.92 billion U.S. dollars at the current exchange rate. The portfolio comprises 111 communities managed by Barchester in a RIDEA structure, 152 communities part of a long-term triple-net lease, and 21 ongoing developments which will also be managed […]
Across various states where Genesis operates, the fallout from the nursing home giant’s Chapter 11 bankruptcy has led state lawmakers to scrutinize involvement of private equity firms more closely. In Pennsylvania, where Genesis is headquartered, it has the largest footprint, with 42 of its 175 facilities located in the state. Governor Josh Shapiro, who has […]
Welltower Inc.’s (NYSE: WELL) $1.2 billion in skilled nursing investments in the first financial quarter served as a “credit business,” executives of the real estate investment trust (REIT) said Tuesday while discussing details of its investment in Aspire Healthcare. Welltower Co-President and Chief Investment Officer Nikhil Chaudhri described skilled nursing as a credit business, in […]
Executives at Welltower (NYSE: WELL) expressed a bullish long-term outlook on skilled nursing and reaffirmed their commitment to including nursing homes in the portfolio mix. “Our post-acute segment plays an extraordinarily important role as we think about portfolio construction,” CEO Shankh Mitra said during Welltower’s quarterly earnings call on Wednesday. “We are thinking about how […]
Nursing home operator PACS Group (NYSE: PACS) delayed the release of its third-quarter earnings, providing only preliminary results on Wednesday as it carries out an internal audit and cooperates with a federal investigation into its referral and reimbursement practices. Originally scheduled for Nov. 7 after market close, PACS now expects to disclose its financial results […]
Margins squeezed by interest rates and inflation, staffing shortages amid a draconian staffing mandate proposal, an invasion of Medicare Advantage and mixed efforts at adapting to Minimum Data Set (MDS) changes are among a litany of the challenges facing the skilled nursing sector at the start of 2024. However, all is not doom and gloom […]
Welltower Inc. (NYSE: WELL) continues to ramp up acquisitions to increase bottom line growth, including investment in skilled nursing facilities, with about $600 million earmarked for SNF deals in the upcoming financial quarters. The Ohio-based real estate investment trust (REIT) recently announced $2 billion in potential deals tied to the launch of an equity offering, […]
While Welltower Inc. (NYSE:WELL) was primarily focused on non-skilled nursing assets in the third quarter, it nevertheless completed some large SNF acquisitions worth over $400 million during the quarter. The Ohio-based REIT acquired 24 long-term post-acute care properties in Q3, totaling 2,897 beds at $140,000 per bed. “Next, same-store NOI and our long-term post-acute [ph] […]
Welltower (NYSE: WELL) executives said Tuesday that its skilled nursing facilities undergoing a change of hands to new operators have gone from losing money to making profits during the course of the second quarter. CIO Nikhil Chaudhri said during Welltower’s conference call that out of 147 skilled nursing buildings that were being transitioned over to […]
Leaders with Welltower (NYSE: WELL) are touting improvements in a portfolio of seven skilled nursing facilities, saying that a similar playbook is being deployed across the large portfolio of SNFs in its joint venture with Integra Health. The seven SNFs in question transitioned from being operated by Genesis HealthCare to Complete Care Management, in 2021. […]
California-based health care group Kaiser Permanente on Wednesday announced its plans to acquire Pennsylvania-based, Geisinger Health, to form a new healthcare entity in a deal that aims to expand value-based care access across the U.S., with potential implications for how care is delivered to older adults. The new entity, Risant Health, will be headquartered in […]
The high renovation costs associated with adopting new rules for room occupancy limits are forcing some operators to close their doors, as was recently the case with Northeast Health Group in Massachusetts. Many of these vulnerable facilities, built in the 1960s and 1970s and designed for three to four residents per room, are already in […]
ProMedica is selling its Heartland hospice and home care business to Gentiva. The deal, announced Monday, comes on the heels of nonprofit health system ProMedica divesting of nearly 150 skilled nursing facilities in a deal involving Welltower (NYSE: WELL) and Integra Health. Gentiva is the largest hospice company in the U.S. based on revenue and […]
Genesis Healthcare Inc. will add 34 nursing homes in Pennsylvania to the 15 the company currently operates in the state, in addition to taking over management of four in Colorado. “This transition marks the largest expansion of services provided by Genesis and its affiliates since the organization underwent a transformation into a market model approach […]
The Evangelical Lutheran Good Samaritan Society, one of the largest skilled nursing providers in the United States, plans to consolidate its operations from 22 states to seven. Once the process is complete, the Sioux Falls, South Dakota-based Good Samaritan Society will have operations in South Dakota, North Dakota, Iowa, Minnesota, Nebraska, Kansas and Colorado. About […]
ProMedica recently notified over 260 employees that they will be laid off in the coming months, as the company transitions 147 nursing homes to new operators. The layoffs include 255 remote workers in regional and corporate support staff roles for the senior care facilities, and seven of the employees work in ProMedica’s senior care offices […]
Economic uncertainty, staffing shortages, looming federal regulations, a new COVID variant and major changes to the Minimum Data Set (MDS) are just a few of the challenges facing the skilled nursing sector at the dawn of 2023. But a new year is also a time for optimism. Favorable Medicaid policies, the growth of strong regional […]
Welltower (NYSE: WELL) and Integra Health have completed an “initial” closing of their previously announced joint venture, which will involve the transition of 147 skilled nursing facilities previously operated by ProMedica to 15 regional operators. ProMedica surrendered to Welltower its 15% interest in the 147-property portfolio, Welltower announced Friday. ProMedica will be absolved from its […]
In an upset for the nursing home industry, the U.S. Supreme Court this week declined to hear a bid from California operator Glenhaven Healthcare to avoid a lawsuit under federal immunity provisions. The case hinged on the scope of the Public Readiness and Emergency Preparedness Act (PREP Act), which authorizes the federal government to shield […]
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