CareTrust REIT is ‘locked and loaded to grow,’ CEO says
By
Lois A. Bowers
May 06, 2024
The overall financial environment, $345 million in cash on hand and an undrawn $600 million line of credit mean that CareTrust REIT is “locked and loaded to grow in a meaningful way for the next few...
Wildfires destroy, force evacuations at California senior living communities
By
Lois A. Bowers
Oct 11, 2017
Several senior living communities have been evacuated, and at least one has been destroyed, as wildfires continue to burn across parts of California.
Florida Argentum petitions for temporary injunction on generator rule
By
Lois A. Bowers
Oct 04, 2017
Florida Argentum has asked the state’s First District Court of Appeal to issue a temporary injunction against Gov. Rick Scott’s emergency rule, which sets a Nov. 15 deadline for all assisted...
Brookdale woes drag down HCP portfolio performance
By
Lois A. Bowers
Aug 01, 2017
Brookdale Senior Living properties negatively affected the performance of HCP’s senior housing operating portfolio in the second quarter as the country’s largest senior living operator experienced...
Five Star evaluates skilled nursing business to address revenue, occupancy challenges
By
Lois A. Bowers
Aug 10, 2018
Five Star Senior Living is evaluating all of the skilled nursing units within its continuing care retirement communities to determine whether the space might be more profitable if used differently, President...
Quality Care Properties resolves shareholder lawsuits ahead of merger vote
By
Lois A. Bowers
Jul 16, 2018
Less than two weeks before a special meeting at which shareholders will vote on whether to merge with fellow real estate investment trust Welltower, Quality Care Properties announced that it had reached...
BREAKING NEWS: Quality Care Properties has new suitor, puts Welltower merger in question
By
Lois A. Bowers
Jun 12, 2018
Quality Care Properties said Tuesday that it is investigating an acquisition proposal that “could reasonably be expected to lead to a ‘superior offer’ ” to the one announced in...
Welltower CEO defends decision to keep HCR ManorCare leaders
By
Lois A. Bowers
Jun 07, 2018
Welltower CEO Tom DeRosa on Wednesday defended the decision to keep HCR ManorCare’s leadership team in place as the real estate investment trust gains a stake in the operator through a deal with...
Flu, new supply will affect occupancy, income this year, Ventas predicts
By
Lois A. Bowers
Feb 12, 2018
A “severe” flu season and a “mismatch of supply and demand” will continue to affect occupancy and net operating income in Ventas’ seniors housing portfolio in the short term,...
Report is ‘new territory,’ GAO director says
By
Lois A. Bowers
Feb 06, 2018
A new report about federal oversight of Medicaid beneficiaries who live in assisted living communities is “new territory” for the Government Accountability Office, the report’s author...