TOLEDO, OHIO, AND TORONTO — Health Care REIT Inc. (NYSE: HCN) and Revera Inc. (Revera) have entered into a definitive agreement to acquire Regal Lifestyle Communities Inc. (Regal) (TSX: RLC) through an existing 75/25 joint venture for a total value of approximately CA$766 million, or US$623 million.
News
CELEBRATION, Fla. — Big Rock Partners, a national real estate investment management and development firm, has selected Balfour Beatty Construction as construction manager for a $60 million senior living rental community under development in Celebration.
PHOENIXVILLE, Pa. — Main Line Health (MLH) has joined with Brandywine Senior Living at Upper Providence to bring medical care, rehabilitation therapy, and wellness services to residents of the new assisted living community located at 1133 Black Rock Road in Phoenixville.
CHICAGO — There are many aspects to consider during development of a seniors housing project, ranging from amenities to technology to demographics. However, the biggest key to whether a seniors housing project can succeed over a long period of time is the quality of the operator, according to several expert panelists at the InterFace Seniors Housing Midwest conference held last Thursday, June 11 at The Westin Chicago River North.
Genesis Acquires 24 Skilled Nursing Facilities, Operations Business from Revera for $240M
by Jeff Shaw
KENNETT SQUARE, Pa. — Genesis HealthCare, a post-acute care provider based in Kennett Square, has agreed to purchase 24 skilled nursing facilities from Revera Inc., an owner-operator based in Canada, for $240 million. As part of the deal, Genesis will also acquire the operations of Premier Therapy, Revera’s contract rehabilitation business.