Extendicare mulls sell-off of U.S. operations amid decline
By
Tim Mullaney
Jul 01, 2013
Extendicare, a major North American long-term care operator, may sell off its 158 U.S. facilities before the end of the year. The company’s move to separate its Canadian and U.S. businesses could...
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.
Genesis, Skilled Healthcare deal forms mega-company
By
John O'Connor
Oct 01, 2014
Genesis HealthCare and Skilled Healthcare Group will merge to create a single company with more than 500 facilities nationwide, the providers announced in late August.
Occupancy hits 5-year low
By
Nov 05, 2016
Occupancy rates for skilled nursing facilities dropped to 82.2% in the second quarter of 2016 — the lowest level in five years, according to a report released in September by the National Investment...
Extendicare closes sale
By
Sep 04, 2015
Extendicare closed the $870 million sale of its United States facilities to an investor group led by private equity firm Formation Capital LLC.
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...
Department of Justice weighs down Diversicare
By
Marty Stempniak
Dec 05, 2018
Hampered by an ongoing investigation, Diversicare Healthcare Services recorded a $7.4 million net loss in the third quarter of this year.
ProMedica’s debt swells
By
Marty Stempniak
Jun 06, 2019
Five months after ProMedica acquired HCR ManorCare, the Ohio hospital system’s debt has ballooned. ProMedica’s long-term debts have more than quadrupled since the deal, reaching $1.9 billion at the...
Ventas buy adds payoff
By
John O'Connor
Feb 01, 2015
Ventas has declared a prorated common stock dividend, pending the completion of its American Realty Capital Healthcare Trust purchase.
BusinessBriefs
Jun 01, 2013
Extendicare Health Services recently completed a $37.7 million portfolio refinancing of six SNFs in the Midwest. Ziegler Financing Corporation closed the transaction.