Extendicare Health Services recently completed a $37.7 million portfolio refinancing of six SNFs in the Midwest. Ziegler Financing Corporation closed the transaction.
Aviv finally finds success with $279M initial public offering
By
McKnight's Staff
May 01, 2013
Aviv REIT Inc. netted nearly $279 million in an initial public offering of common stock. The Chicago-based company first tried to go public in 2008 but was stopped by the economic crisis, and a 2009 attempt...
Business briefs
Mar 02, 2013
Gulf Coast Healthcare, LLC will acquire 25 skilled nursing facilities in Alabama, Mississippi and Florida, using a $168.8 million five-year term loan. After this acquisition, Gulf Coast will operate a...
Even with Medicare and Medicaid payment pressures, Kindred Healthcare’s RehabCare contract therapy division is holding steady, the company announced at the end of October.
Senior living sector enjoying better credit ratings, access
By
Elizabeth Newman
Sep 01, 2012
Halfway through 2012, senior living providers are having a better time securing credit in order to expand and are seeing better credit rankings.
Extendicare leaves Kentucky, blames need for tort reform
By
Elizabeth Newman
Jul 05, 2012
Citing the state’s lack of tort reform, a major nursing home chain has announced that it is leaving Kentucky.
Sabra on an upswing
By
Elizabeth Newman
Jun 05, 2012
Moody’s Investors Service upgraded Sabra Health Care REIT in mid-April after the long-term care landlord posting its second-best performance in the first quarter, with a total return of 38.8%.
New sponsor comes to G & E
By
Elizabeth Newman
Jan 03, 2012
The board of real estate investment trust Grubb & Ellis Healthcare Trust voted in November to replace Grubb & Ellis with American Healthcare Investors and Griffin Capital as co-sponsors. It will now be...
Operators limp to the end of 2011, consider new methods
By
Elizabeth Newman
Nov 01, 2011
Although major nursing home operators have lowered their 2011 outlooks for investors after factoring in reimbursement cuts, experts say some providers may survive better than others in the long term.
Genesis-Aetna alliance may preview ACO deals to come
By
Elizabeth Newman
Oct 01, 2011
A partnership between Genesis HealthCare and insurance giant Aetna is expected to drive down hospital readmission rates, provide better patient care and save both companies money.