News Release: HFF announces sale of skilled nursing facility in San Antonio, Texas
DALLAS, TX – February 13, 2018 – HFF announces the sale of Mesa Vista Inn Healthcare Center, a 144-bed, post-acute skilled nursing facility near San Antonio’s Medical Center district. The HFF team marketed the property on behalf of the seller, Kayne Anderson Real Estate, and procured the buyer, an affiliate of O&M Investments, LLC. Mesa […]
News Release: Encompass Health and Saint Alphonsus announce joint venture to provide seamless post-acute patient care
Feb 12, 2018 BIRMINGHAM, Ala. and BOISE, Idaho, Feb. 12, 2018 /PRNewswire/ — Encompass Health Corporation (NYSE: EHC), formerly known as HealthSouth Corporation, and Saint Alphonsus Regional Medical Center (SARMC) have formed a joint venture to build and operate a 40-bed, freestanding inpatient rehabilitation hospital in Boise. The joint venture plans to more effectively and efficiently manage patients across the […]
News Release: Ponte Health brings Vertical Medical City to Downtown Orlando to serve the city’s elders
VERTICAL MEDICAL CITY, LLC, a new High Rise Development Project is coming to the core of Downtown Orlando. The primary focus of the Facility is to bring into the urban core the Next Level Assisted Living, Care, and Wellness for Residents and Outpatients 60 and over. Developer PONTE HEALTH PROPERTIES, LLC seeks Equity Partner for […]
Post-Acute & Senior Living: Post Acute Partners adds to portfolio of senior health facilities in Upstate New York
A growing, multi-company firm based in New York continues to add to its portfolio of senior healthcare facilities and operations in Upstate New York. New York-based Post Acute Partners is in the
Post-Acute & Senior Living: Senior Lifestyle Corp., Kaufman Jacobs co-developing senior community near Chicago
Chicago-based Senior Lifestyle Corp., a privately-held owner, operator and developer of senior housing, recently held a groundbreaking for the future Sheridan at Park Ridge. The 99,000
Post-Acute & Senior Living:Benchmark Senior Living to convert theology school to memory care in Newtown, Mass.
Waltham, Mass.-based Benchmark Senior Living in December started construction on a memory care facility on the grounds of the former Andover Newton Theological School in Newton. The project
Post-Acute & Senior Living: Mainstreet Health Investments to buy Care Investment Trust and portfolio for $425 million
Toronto-based Mainstreet Health Investments (TSX: HLP-U) in late November entered agreements to acquire Care Investment Trust LLC and its portfolio of 42 seniors housing properties for about $425 million. The seller is New York-based Tiptree Inc. (NASDAQ: TIPT).
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 […]