Bullish Move by Welltower
Welltower has been a growth and M&A machine under the leadership of Shankh Mitra. As of October 27, the REIT has closed or has under contract close to $14 billion of pro rata gross investments across the U.S., Canada and the United Kingdom this year. These include more than 700 seniors housing properties with more than 46,000 units. Not too shabby. We have covered some of these transactions in other stories, but what really caught our eye was the announcement that Mitra and four other key executives are going to put their future compensation where their strategy is, or something like that. They are “all-in” on increasing shareholder value, which is a good thing, as long as no corners... Read More »
Brookdale Shares Hit Seven-Year High
Brookdale Senior Living has posted occupancy increases for several consecutive months. The operator has lagged behind the industry for a decade now, so it is about time. Weighted average occupancy has increased each month since January, beginning at 79.2% and reaching 82.5% in September. The third quarter’s average of 81.8% is up 290 basis points year-over-year, and 170 basis points sequentially. Same-community weighted average occupancy of 82.7% increased 270 basis points year over year, and 40 basis points sequentially. Third quarter same community occupancy of 82.3% increased 260 basis points year over year, and 150 basis points sequentially, reflecting the highest sequential... Read More »
Brookdale Hires New CEO
Six months after its CEO Cindy Baier exited the firm, Brookdale Senior Living has announced its new CEO. Nick Stengle will take the job, effective October 6, coming from Gentiva, a major home health & hospice provider where he was president and COO. He has some seniors housing experience, too, working as EVP and COO at Sunrise Senior Living for one year prior to his time at Gentiva. He led community operations, sales, marketing and clinical operations for around 250 Sunrise communities at the time. Stengle also has experience at TPG Capital, HMSHost International, Marriott International and Boston Consulting Group, in addition to serving 11 years in the U.S. Air Force. While in... Read More »Sunview Respiratory and Rehabilitation Joins Activity Profiled in LevinPro Database
Sunview Respiratory and Rehabilitation, a Medicare-licensed private skilled nursing facility situated at 12207 N 113th Ave in Youngtown, Arizona, has been linked to a merger or acquisition. The facility was incorporated on October 28, 2009. LevinPro, which tracks mergers and acquisitions across more than a dozen healthcare sectors from hospitals and home health services to medical real estate and biopharma, has featured this transaction involving Sunview Respiratory and Rehabilitation in its comprehensive deal database. This resource is specifically curated for its subscribers, offering them information on the latest developments in healthcare M&A. Throughout its history, LevinPro has... Read More »
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 »Schedule a demo
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