LOUISVILLE, Ky. — Kindred Healthcare Inc. (NYSE: KND) plans to buy the 36 skilled nursing facilities it currently operates for Ventas for $700 million. The move is the latest step in Kindred’s plan to fully exit the skilled nursing business. The company will presumably try to sell the facilities that it will now both own and operate.
Company News
DALLAS — Senior Quality Lifestyles Corporation (SQLC), a nonprofit seniors housing developer and operator based in Dallas, has announced its plans to purchase Seniority Inc., an operator and marketing, sales and consulting firm currently owned by fellow nonprofit operator American Baptist Homes of the West (ABHOW).
LOUISVILLE, KY. — Kindred Healthcare Inc. (NYSE: KND) plans to fully exit the skilled nursing business, the Louisville-based healthcare owner-operator announced Monday afternoon during a third-quarter earnings call. Kindred posted a $671.3 million loss in the third quarter.
ATLANTA — SunTrust Banks Inc. (NYSE: STI) has signed a definitive agreement to acquire all of the assets of the operating subsidiaries of Pillar Financial LLC. The assets include Pillar’s multifamily lending business, which comprises affordable housing, healthcare properties, seniors housing and manufactured housing specialty teams.
BELLEVUE, Wash. — Presbyterian Retirement Communities Northwest, a nonprofit seniors housing operator, has changed its name to Transforming Age. The company is based in Bellevue and operates three continuing care retirement communities (CCRCs) in Seattle: Skyline, Parkshore and Fred Lind Manor.