AdCare hires new CFO, mulls moves after financial errors
By
Tim Mullaney
Jun 01, 2013
A turbulent spring at AdCare Health Systems Inc. included ongoing fallout from accounting errors that led to the appointment of a new chief financial officer, as well as a potential change in majority...
REITs to shed skilled sites
By
Tim Mullaney
Jun 01, 2013
Large real estate investment trusts are looking to get out of the skilled nursing sector, according to the Wall Street Journal.
New name for Advocat Inc.
By
McKnight's Staff
May 01, 2013
Advocat Inc., which operates 48 skilled nursing centers, changed its name to Diversicare Healthcare Services as of March 15. Its facilities already operated under the Diversicare name, and President and...
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
Apr 01, 2013
» Emeritus Senior Living recently said it wants to hire 1,000 veterans by 2018. The assisted living and skilled nursing provider says this is the first such veteran recruiting program in senior care....
Ventas hikes NOI estimate
By
McKnight's Staff
Mar 02, 2013
Ventas Inc. anticipates $386 million in 2012 net operating income after management fees from its private-pay senior housing communities managed by Atria Senior Living Inc. and Sunrise Senior Living Inc.
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...
NHC acquires 6 more SNFs
By
Elizabeth Newman
Feb 01, 2013
National HealthCare Corp is buying six nursing homes from landlord National Health Investors for $21 million, the company announced.
Experts: Sector on rebound, managed care growth likely
By
Elizabeth Newman
Nov 02, 2012
Seniors housing continues a comeback, but operators need to be prepared for the expanding role of managed care, experts said during the National Investment Center for the Seniors Housing & Care Industry...
Healthcare REIT buying spree grabs Sunrise Senior Living
By
Elizabeth Newman
Oct 01, 2012
Health Care REIT Inc. will acquire Sunrise Senior Living for $844.6 million in cash, creating a mammoth senior living company that will send ripples through the sector.