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Welltower's Billion-Dollar Buy, $53 Million Genesis Settlement

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August 3, 2016

[UPDATE] Welltower to Acquire 19-Property West Coast Portfolio for $1.15 Billion

Welltower Inc. (NYSE: HCN) has agreed to purchase a portfolio of 19 senior housing properties on the West Coast for $1.15 billion, which will make the Toledo, Ohio-based real estate investment trust (REIT) the largest owner of senior housing in Northern and Southern California. The…Read More »

Genesis to Pay $52.7 Million DOJ Settlement

Genesis Healthcare (NYSE: GEN) has become the latest major post-acute care provider to strike a settlement with federal authorities to resolve allegations of improper billing practices, this time to the tune of $52.7 million. Kennett Square, Pennsylvania-based Genesis has been under four separate DOJ investigations…Read More »


Learn the latest trends, research and insights in senior living

As one of the most well-established senior living management companies in the nation, Life Care Services™, an LCS Company, has decades of know-how to assist you in implementing your community's vision and mission. Your goals. Our Experience. Together, we're greater. Click here to read our blog.

[UPDATE] Sabra Plans to Sell 29 Genesis Properties

Sabra Health Care REIT (Nasdaq: SBRA) is joining the ranks of real estate investment trusts that are taking significant steps to limit their exposure to skilled nursing. Sabra and its major skilled nursing tenant, Genesis HealthCare Inc. (NYSE: GEN), have reached an agreement to market…Read More »

Movers & Shakers: Promotions at Welltower 

Welltower Announces Promotions Welltower Inc. (NYSE: HCN) announced the promotion of Matthew McQueen from senior vice president of legal to senior vice president of general counsel and corporate secretary, as well as the promotion of Mercedes Kerr to executive vice president of business development. Before…Read More »

Senior Housing Cap Rates Reverse Downward Trend

Senior housing capitalization rates increased slightly from 2015 to 2016, marking the first bump in several years. For most types of senior housing and care, cap rates rose just 40 basis points in 2016 from the previous year, according to a recent survey from Senior…Read More »

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