ATLANTA — Regional Health Properties Inc. (NYSE: RHE) has completed the previously announced merger with its former parent company, AdCare Health Systems.
Company News
COLUMBUS, Ohio, and DALLAS — ORIX USA, a Dallas-based division of international financial services group ORIX Corp., has acquired Lancaster Pollard Holdings LLC. The acquisition price was more than $300 million, according to a report by Commercial Mortgage Alert.
Cadence Senior Living, Emerald Investment Management Form Seniors Housing Investment Partnership
by Jeff Shaw
SCOTTSDALE, Ariz., and NEWPORT BEACH, Calif. — Cadence Senior Living, a Scottsdale-based owner, developer and operator, and Emerald Real Estate Partners LLC, an investment management firm based in Newport Beach, have formed a strategic partnership for investing in seniors housing.
TOLEDO, Ohio — Quality Care Properties Inc. (NYSE: QCP), a Maryland-based seniors housing owner, has started the legal process to appoint an independent receiver to oversee operation of its skilled nursing, assisted living and memory care facilities currently managed by HCR ManorCare, a skilled nursing operator based in Toledo.
NEW YORK CITY — KeyBanc Capital Markets Inc., the corporate and investment banking unit of KeyCorp (NYSE: KEY), has agreed to acquire Cain Brothers & Co. LLC, a New York City-based investment banking firm focused on the healthcare industry, including seniors housing.