by Steve Monroe | Jul 9, 2019 2:49 pm | Developments, Financings
With Baby Boomers still too young to move into most seniors housing communities and labor costs growing, many companies see opportunity in the active adult market, which some view as a largely untapped market. We’ll have to see how “under the radar” these assets will... Read More »
by Steve Monroe | Jul 8, 2019 6:00 am | Opinion
Last week, we discussed the stock performance of the seniors housing and healthcare providers. Now, it’s the healthcare REITs’ turn. Overall, it was a good first half of the year, with all of them posting price increases, with the exception of Senior Housing... Read More »
by Steve Monroe | Jul 8, 2019 5:59 am | Acquisitions, Financings
The Portopiccolo Group just made its third skilled nursing acquisition of the year, making it one of the most prolific buyers in that space in 2019. Its most recent target was a 150-bed skilled nursing facility in Virginia Beach, Virginia. To fund the acquisition,... Read More »
by Steve Monroe | Jul 5, 2019 6:01 am | Acquisitions
Deals are still bubbling to the surface, but the second quarter is in the books, and it was another big one for healthcare M&A. Across the 13 sectors, spanning from behavioral health and rehabilitation to biotechnology and our bailiwick, long-term care, we... Read More »
by Steve Monroe | Jul 5, 2019 6:00 am | Acquisitions
CareTrust REIT and Cascadia Healthcare expanded their relationship to 12 facilities and 1,013 total beds with the REIT’s acquisition of a brand-new transitional care facility in Nampa, Idaho. This transaction was by no means out of the blue. Cascadia’s development... Read More »