News

HCN's New Big Bet on Post-Acute Care Signals Industry Sea Change



September 15, 2014, Emily Study, Senior Housing News - Health Care REIT (NYSE: HCN) has long invested in skilled nursing properties, but the REIT's recent $1.4 billion partnership with Mainstreet signals a shift in the investor's strategy of late that's representative of a much…

CMS Should Publicly Push Congress to Reform Therapy Payment System, Long-Term Care Provider Association Urges



September 9, 2014, Tim Mullaney, McKnight's - The Centers for Medicare & Medicaid Services should openly urge Congress to change the way therapy services are reimbursed, the nation's largest long-term care provider association stated in recent written comments to CMS Administrator…

Housing & Healthcare Finance has been selected by HUD to participate in its Housing Tax Credit Pilot Program

Skilled Healthcare To Combine With Genesis HealthCare In 100% Stock Transaction



August 18, 2014, Foothill Ranch, CA, PRNewswire - Skilled Healthcare Group, Inc. (SKH) announced today it has signed a definitive agreement to combine with Genesis HealthCare, one of the nation's largest providers of post acute care…

Health Care REIT to Acquire HealthLease Properties REIT in $950 Million Deal



August 13, 2014, Business Wire - Immediately Accretive $950 Million Acquisition of High-Quality, Seniors Housing and Post-Acute Care Portfolio; Establishes Partnership…

Bankruptcy Judge Approves Sale of 19 California Nursing Homes



July 29, 2014, Katy Stech, Wall Street Journal - Nursing-home owner Shlomo Rechnitz won approval from a federal judge to buy 19 nursing homes out of bankruptcy in southern California.
At a hearing on Monday,…

Skilled Nursing Trends Contribute to Improved Medicare Outlook, Congressional Report Says



July 29, 2014, Tim Mullaney, McKnights - The Medicare trust fund is on track to remain solvent until 2030, trustees of the program stated in a Congressional report released Monday. This improved outlook is due in part to revised expectations about the case mix in skilled nursing…

HHC Finance Closes Year's Largest HUD Loan Portfolio Deal



July 15, 2014, Michael Tucker, MBA Newslink - Housing & Healthcare Finance, Chevy Chase, Md., closed a $205 million HUD loan portfolio refinancing on 25 southeastern U.S. skilled nursing facilities--the largest such loan portfolio deal this year.

The 232/223(f) loans…



Senate Confirms Castro as Secretary of HUD



July 9, 2014 - The Senate confirmed today San Antonio Mayor Julian Castro to serve as the new Secretary of Housing and Urban Development (HUD). Castro is replacing current Secretary Shaun Donovan who has been nominated to head the White House budget office. Castro was confirmed…

Penton's NREI and NIC Announce a Joint Survey on Senior Housing Property Market Trends



July 8, 2014, New York, NY, National Real Estate Investor -