Skilled Nursing

Kindred Plans to Leave Skilled Nursing Business, Posts Q3 Loss of $671.3M

by Jeff Shaw November 8, 2016

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.

November 8, 2016

News Skilled Nursing

Blueprint Brokers Sale of 87-Bed Skilled Nursing Facility in Massachusetts for $4M

by Jeff Shaw November 7, 2016

FITCHBURG, Mass. — Blueprint Healthcare Real Estate Advisors has brokered the sale of Valley Stream Rehabilitation and Healthcare Center, an 87-bed skilled nursing facility in the Boston suburb of Fitchburg, for $4 million.

November 7, 2016

Company News Finance News Skilled Nursing

Industry Veterans Launch Skilled Nursing Investment Advisory Firm Monticello Asset Management

by Jeff Shaw November 7, 2016

NEW YORK CITY — Thomas Lally, Alan Litt and Jonathan Litt have launched Monticello Asset Management, an investment advisory firm focused on skilled nursing operators. The new company is based in Manhattan.

November 7, 2016

News Skilled Nursing

Blueprint Brokers $4M Sale of 123-Bed Skilled Nursing Facility in Massachusetts

by Jeff Shaw November 4, 2016

NEW BEDFORD, Mass. — Blueprint Healthcare Real Estate Advisors, a Chicago-based brokerage, has arranged the sale of Southeast Massachusetts Health & Rehabilitation Center for $4 million.

November 4, 2016

News Skilled Nursing

HCP Skilled Nursing Spinoff Goes Public

by Jeff Shaw November 1, 2016

IRVINE, Calif. — Quality Care Properties, the spinoff of HCP’s ManorCare skilled nursing portfolio, has begun trading on the New York Stock Exchange under the symbol QCP WI.

November 1, 2016

News Skilled Nursing

M&M Arranges $7.5M Sale of 88-Bed Skilled Nursing Facility in Utah

by Jeff Shaw November 1, 2016

OGDEN, Utah — Marcus & Millichap (NYSE: MMI) has arranged the sale of an undisclosed skilled nursing facility in Ogden for $7.5 million.

November 1, 2016

News Skilled Nursing

Blueprint Brokers Sale of Two Skilled Nursing Facilities in Texas for $10M

by Jeff Shaw October 27, 2016

CHICAGO — Blueprint Healthcare Real Estate Advisors, a brokerage firm based in Chicago, has arranged the $10 million sale of two undisclosed skilled nursing facilities in Texas.

October 27, 2016

Finance News Skilled Nursing

Capital One Provides $162.5M Credit Facility for Palm Garden Healthcare

by Jeff Shaw October 26, 2016

SARASOTA, FLA. — Capital One Financial Corp. has provided a $162.5 million senior secured credit facility for Palm Garden Healthcare.

October 26, 2016

Development News Skilled Nursing

Wagman Completes Skilled Nursing Conversion in Pennsylvania

by Jeff Shaw October 26, 2016

LANCASTER, Pa. — Wagman Construction has completed the conversion of the Brethren Village independent living community into a 20-bed skilled nursing facility in Lancaster.

October 26, 2016

Legal Issues News Skilled Nursing

Life Care Centers of America Settles Medicare Claims Lawsuits for $145M

by Jeff Shaw October 25, 2016

CLEVELAND, Tenn. — Life Care Centers of America Inc., an operator of more than 220 skilled nursing, assisted living and memory care communities in the United States, has agreed to settle a government lawsuit against the company and its owner and founder, Forrest Preston, for $145 million.

October 25, 2016

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