by Steve Monroe | Oct 5, 2017 7:37 pm | Developments, Financings
HJ Sims helped finance a couple of the largest not-for-profit providers of senior care and health care in the country in order to team up and combine their services in the Bismarck/Mandan area of North Dakota. The Evangelical Lutheran Good Samaritan Society (ELGSS),... Read More »
by Steve Monroe | Oct 4, 2017 7:02 am | 60 Seconds, Opinion
Last week’s NIC conference displayed the growing divergence of opinion on the state of the seniors housing and care market. A lot of people have asked me what I thought about the recent NIC conference in Chicago. Well, I have been covering the seniors housing... Read More »
by Steve Monroe | Oct 4, 2017 7:01 am | Opinion
Although Diversicare Health and a few others may disagree, it is not always a bad thing to have an activist shareholder or two as investors in your company. They can keep you on your toes, force you to look at options to enhance value that you may not be considering,... Read More »
by Steve Monroe | Oct 4, 2017 7:00 am | Acquisitions
CareTrust REIT is heading closer and closer to the 200-facility mark, currently sitting at 181 properties in 23 states, as it continues to purchase senior care facilities across the country. Just last month, the REIT bought 13 skilled nursing facilities in Washington,... Read More »
by Steve Monroe | Oct 3, 2017 8:09 pm | Acquisitions
September saw many deals that featured older, struggling skilled nursing facilities. This comes at a time of record-high SNF prices, on a per-bed basis, although maybe not for long if the fourth quarter follows September’s performance. The truth is that despite the... Read More »