Post-Acute & Senior Living: SNF occupancies continue to fall
Payer mix also a concern as percentage of lower-revenue care is rising, NIC says By John B. Mugford Owners and operators of skilled nursing facilities (SNFs) are certainly hoping that occupancies pick up nationwide in 2018.
Post-Acute & Senior Living: New care unit opens at Kearsley Rehabilitation and Nursing Center in West Philadelphia
A new 30-room, multi-million dollar sub-acute care unit has opened at the 84-bed Kearsley Rehabilitation and Nursing Center in West Philadelphia. The skilled nursing facility (SNF), which received a
Post-Acute & Senior Living: Ryan Cos. US, LCS and Harrison Street start another continuum of care community
A partnership of Minneapolis-based Ryan Companies US Inc., Des Moines, Iowa-based LCS and Chicago-based Harrison Street Real Estate Capital in mid-December started construction on its third
News Release: CIT closes on CommuniCare credit facility
CIT Healthcare Closes on $136.9 Million Credit Facility for CommuniCare Proceeds provide working capital, finance acquisition of 10 skilled nursing facilities CIT Group Inc. (NYSE: CIT), a leading provider of commercial lending and leasing services, today announced that its Healthcare Finance business has closed a $136.9 million senior secured credit facility for CommuniCare Health Services […]
News Release: MorningStar Senior Living, Confluent Senior Living Begin Construction on Rio Rancho Community
Project Partners Begin Second Development in Metro Albuquerque RIO RANCHO, NM (January 16, 2018) – Co-developers MorningStar Senior Living and Confluent Senior Living have broken ground on a new senior living community in Rio Rancho, New Mexico. The 70,863-square-foot development in the northern suburb of Albuquerque will deliver 77 units for assisted living and memory […]
News Release: Seniors Housing Occupancy Rate Steady at Relatively Weak 88.8% in Fourth Quarter
Assisted Living Occupancy Rate Near Cyclical Low, While Independent Living Occupancy Rate Remains Above 90% FOR IMMEDIATE RELEASE: Thursday, January 11, 2018 Contact: Biba Aidoo, baidoo@nic.org; 410-267-0504 ANNAPOLIS, Md. – The occupancy rate for seniors housing properties averaged 88.8% in the fourth quarter of 2017 unchanged from the prior quarter and down 0.7 percentage point from year-earlier levels. This placed occupancy […]
News Release: Welltower Enters Into Agreement To Acquire Portfolio Of Sunrise Assets
NEWS PROVIDED BY Welltower Inc. 08:00 ET TOLEDO, Ohio, Jan. 2, 2018 /PRNewswire/ — Welltower Inc. (NYSE: HCN) today announced it has entered into a definitive agreement to acquire a portfolio of rental continuing care retirement communities (“CCRCs”). The transaction comprises four communities offering a full continuum of care including independent living, assisted living, memory care and post-acute care concentrated […]
News Release: Welltower and Hines Announce Joint Venture Partner for Sunrise at East 56th Street
1/2/2018 6:12:00 PM Construction underway for senior living and memory care community NEW YORK AND TOLEDO, OH) – Welltower Inc. (NYSE: HCN), the world leader in healthcare infrastructure, and Hines, the international real estate firm, announced today they have closed with a confidential major institutional investor on a limited partnership interest for the development of Sunrise […]
Post-Acute & Senior Living: MedCore Partners, Post Acute Medical team up on post-acute facility in Dover, Del.
DOVER, Del. – Dallas-based MedCore Partners and Enola, Pa. based Post Acute Medical LLC (PAM) are teaming up on the development of what the firms call a “first-of-its-kind” post-acute care facility in Dover.
Post-Acute & Senior Living: Developer proposes senior campus to replace office in Westchester County, N.Y.
RYE BROOK, N.Y. – A local developer has proposed to raze a mostly vacant office building on a 17.3-acre site in Rye Brook to make way for a 269-unit senior housing campus with townhouses, apartments and assisted living units, according to the local Westchester County Business […]
Post-Acute & Senior Living: Caddis’ Heartis brand continues its Midwest expansion with a senior project in Wisconsin
GLENDALE, Wis. – Dallas-based Caddis, under its Heartis brand, has started the development of its project in Wisconsin. The 105 unit, 96,770 square foot Heartis Village North Shore, in the Milwaukee suburb of Glendale, is expected to open in early 2019.
Post-Acute & Senior Living: Select Medical to open LTACH inside Missouri Baptist Medical Center in St. Louis
ST. LOUIS – Mechanicsburg, Pa.-based Select Medical Corp. (NYSE: SEM) recently announced that it will reconfigure space and open a long-term acute care hospital (LTACH) inside Missouri Baptist Medical Center in St. Louis.
Post-Acute & Senior Living: ESI arranges sale of Wisconsin community based residential facility near Milwaukee
GREENDALE, Wis. – In more news from Wisconsin, Evans Senior Investments (ESI) recently announced that it represented an independent seller in the sale of Clifden Court, a 92-unit community based residential facility (CBRF) in Greendale.
Post-Acute & Senior Living: Brea, Calif., approves plans for two-story, 29,500 sq. ft. Silverado memory care community
BREA, Calif. – The Brea Planning Commission recently voted 5-0 to approve a conditional use permit clearing the way for Irvine, Calif. based Silverado Residential Care to develop a two-story, 39-unit, 29,448 square foot residential memory care facility.
Post-Acute & Senior Living: Dealing with troubled operators
In earnings call, NHI officials discuss how they handle struggling properties By John B. Mugford While most owners of senior housing property remain bullish on the sector, especially over the long term, many find themselves having to take measures to turn around struggling facilities and, perhaps, change operators within their portfolios in the short […]