After sinking $400M into skilled care, Welltower exec says more ‘creative’ opportunities in the pipeline
By
Kimberly Marselas
Nov 01, 2023
Welltower has spent more than $400 million on long-term and post-acute care investments so far in 2023, while also experiencing a 5.3% increase in net operating income across such properties it has held...
LTC Properties had its strongest investment year since 2015, company leaders said Thursday, with Chairman and CEO Wendy Simpson touting $170 million in annual investment as proof of a “hard-won positive...
Also in the News for Tuesday, Jan. 3
By
Kimberly Marselas
Jan 03, 2023
CNA on way home from Buffalo-area nursing home among those killed in Christmas weekend blizzard … Welltower partner Integra assigns ProMedica facilities to 15 regional operators, “evaluating opportunistic...
ProMedica tackles ‘false’ portrayal of incoming operating partner for 147 sites
By
Joe Bush
Dec 09, 2022
Criticism of a new Welltower skilled nursing operating partnership drove down the real estate investment trust’s stock price Wednesday, but current operator ProMedica said Thursday that a damning report...
Amid ProMedica ouster, advocates question new operator’s qualifications
By
Kimberly Marselas
Nov 30, 2022
Weeks after Welltower announced it plans to transition its ProMedica portfolio to a new operator, consumer advocates and mainstream media are questioning the track record of the selected firm.
Welltower’s Genesis exit nearly complete after $76 million property sale
By
Danielle Brown
May 11, 2022
Welltower is approaching the finish line in its exit from its relationship with Genesis HealthCare, the company reported Tuesday.
Welltower expands LTC footprint with UK partnership
By
Danielle Brown
Feb 17, 2022
After exiting its relationship with U.S. long-term care giant Genesis HealthCare, Ohio-based real estate investment trust Welltower now plans to develop the “next generation” of care homes in the United...
Welltower chief calls $880M agreement with Genesis ‘mutually beneficial’ for companies’ shareholders
By
Danielle Brown
Apr 30, 2021
Welltower executives believe its $880 million agreement with Genesis HealthCare will work out favorably for both companies in their efforts toward post-COVID recovery.
CareOne alleges ‘flawed process’ in massive Genesis, Welltower deal
By
Danielle Brown
Apr 27, 2021
A one-time potential suitor is accusing Genesis HealthCare and Welltower of using a “flawed process” to reach an $880 million agreement that led to the real estate investment trust terminating leases...
Genesis leaves NYSE, charts path toward recovery but more LTC companies may be in danger
By
Danielle Brown
Mar 04, 2021
Genesis HealthCare announced Wednesday it will voluntarily delist its common stock from the New York Stock Exchange as part of a restructuring plan to improve the company’s financial and operational...