LevinPro’s New Valuation Tool
Steve Monroe and Ben Swett sat down for an in-depth demonstration of LevinPro’s brand-new valuation tool, showing off its accuracy and usefulness for valuing seniors housing and skilled nursing properties in today’s M&A market. Read More »
NHC Responds to NHI
National Healthcare Corporation, the tenant of 32 of National Health Investor’s skilled nursing/senior care facilities and three independent living communities, is disputing NHI’s determination of default after the landlord formally notified the operator that it was in default and must cure the default within 30 days to avoid an Event of Default. NHI notified NHC on July 29 that it was not in compliance with four non-monetary provisions of the master lease and requested it come into compliance by August 29. On August 15, the tenant responded to the landlord stating it believes it was in compliance and requests clarifying information to address alleged potential... Read More »
PACS Gets Trading Period Extension
PACS Group is trying to right the ship as it works to restate its prior financial statements amid an investigation into its Medicare billing practices, and return to providing regular quarterly earnings statements. The New York Stock Exchange Listing Operations Committee did agree to provide PACS with an additional trading period through November 19, 2025, subject to its own ongoing review of the company. PACS is currently working to complete the previously announced restatement of its financial statements for the three months ended March 31, 2024, and the three and six months ended June 30, 2024. It has not submitted earnings reports since the second quarter of 2024. PACS provided a... Read More »
National Health Investors Sends Default Notice to NHC
National Health Investors is addressing violations under its longstanding lease agreement with one of its largest tenants, National HealthCare Corporation. In July, NHI notified NHC/OP, L.P., an affiliate of National HealthCare Corporation and the tenant of 32 of NHI’s skilled nursing/senior care facilities and three independent living communities, that it was in non-compliance with several non-monetary provisions of their master lease, which dates back to October 17, 1991, and is set to expire in December 2026. National HealthCare Corporation was given until August 29 to fix the issues, and when it failed to do so, NHI sent a formal notice on September 8 stating the tenant was in... Read More »
Gallaher Companies Launches Management Company
Gallaher Companies, which has decades of experience in seniors housing design and development, launched Gallaher Signature Living, a management company that will oversee operations for the company’s growing portfolio of California seniors housing communities. Page Ensor has been appointed as Chief Executive Officer, bringing more than 25 years of senior care leadership, including oversight of 70 communities across four states during her tenure with Brookdale Senior Living as the Vice President of Operations. Let’s hope she employs the new Brookdale strategy, which is working better than the one under the Cindy Baier regime. We wish her luck in her new venture. Gallaher Companies is... Read More »Schedule a demo
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