About Ben Swett

Articles Written by Ben Swett

Hats off to Vita

Hats off to Vita

by | Feb 16, 2016 10:27 pm | Acquisitions

Already with three skilled nursing facilities in the state of New York, Vita Healthcare Group (which is based in New Jersey) has in the past seven months worked to grow its presence in the Mid-Atlantic region. Back in June 2015, the company purchased two facilities... Read More »

Troubles Everywhere

by | Feb 12, 2016 8:31 am | Opinion

This week can go down as one of the worst we have seen in the seniors housing and care market. Putting aside the nearly $10 billion drop in market value of the healthcare REITs and senior care companies, when analysts start asking HCP, Inc. whether they think HCR... Read More »
Father/son tag team steps down

Father/son tag team steps down

by | Feb 12, 2016 8:30 am | Acquisitions

A father and son team is selling their only senior care asset, a 48-unit assisted living/memory care community in North Carolina, for $3.65 million, or $76,042 per unit. Built in 1984, the community features all double-occupancy rooms, with 64 adult care home beds and... Read More »
Turn around…again

Turn around…again

by | Feb 11, 2016 9:09 pm | Acquisitions

When Platinum Healthcare purchased a 197-unit CCRC in Cincinnati, Ohio in September 2014 for $3 million, the community had already posted a $1.5 million loss on $5.9 million of revenues in 2013. This was even after the previous owner, Deaconess Long-Term Care,... Read More »

Senior Care and REIT Stocks Collapse

by | Feb 10, 2016 8:32 am | 60 Seconds, Opinion

Brookdale Senior Living and HCP, Inc. were the first to report on fourth quarter earnings, and investors did not like what they heard. I really don’t know what to say about the news that came out yesterday, other than it had a disastrous impact on the market.... Read More »