Assisted living facilities
Strawberry Fields REIT, Inc. has completed the acquisition of an 83-bed skilled nursing facility and a 28-room assisted living facility in Gainesboro, Tennessee, for $6.7 million. This acquisition adds to the company's existing Infinity of Tennessee Master Lease and marks the 15th facility in Tennessee for the
Nursing homes
Target Healthcare REIT has posted impressive annual results, with a net asset value (NAV) total return of 11.8% for the year ended 30 June 2024. The care home landlord reported a 5.9% uplift in EPRA net tangible assets (NTA) to 110.7p per share, driven by a 4.
Nursing homes
CareTrust REIT, Inc. has expanded its portfolio with the acquisition of two skilled nursing facilities in separate transactions. The company invested approximately $62.1 million to acquire the facilities, which have a total of 259 licensed beds. The acquisitions were funded using cash on hand, and the company currently has
Conferences and conventions
The American Healthcare REIT, Inc. (AHR) has announced that several of its senior executives will participate in a roundtable presentation at the BofA Securities Global Real Estate Conference. The presentation, scheduled for September 12, 2024, will be led by Chief Financial Officer Brian Peay, Chief Operating Officer Gabe Willhite, Chief
Nursing homes
CareTrust REIT, Inc. announced the acquisition of two skilled nursing facilities in separate transactions, totaling $62.1 million in investment. The company acquired a 125-bed skilled nursing facility on the East Coast for $37.7 million and a 134-bed skilled nursing facility on the West Coast for $24.5 million.
Medical offices
Investors in American Healthcare REIT, a real estate investment trust listed on the New York Stock Exchange, are facing financial losses after its share price dropped 3% on August 6, 2024. The decline raises concerns about broker recommendations and suitability, particularly for inexperienced investors and conservative retirees. The REIT'
Nursing homes
Target Healthcare REIT PLC has sold four of its UK care homes to the incumbent tenant for £44.5 million, representing a "modest premium" to the portfolio's carrying value at the end of 2023. The company plans to use the proceeds to repay its revolving credit
Nursing homes
Target Healthcare REIT has successfully completed the disposal of four UK care homes, realizing a significant £44.5m, or a modest premium to the book value at 31 March 2024. The sales price reflects a net initial yield of 5.64%. The proceeds from the disposal will enable a partial
Epidemics
A High Court ruling has found the UK Government's policies on discharging hospital patients into care homes at the start of the Covid-19 pandemic were "unlawful". The decision undermines claims that a "protective ring" was put in place for the most vulnerable, and highlights
Epidemics
At the start of the COVID-19 pandemic, the UK government's policies on discharging patients from hospital to care homes were criticized for prioritizing hospital bed space over the safety and well-being of vulnerable care home residents. Two women, Dr Cathy Gardner and Fay Harris, whose fathers died after
Pfizer Inc.
California Governor Gavin Newsom announced the state's participation in the federal COVID-19 Pharmacy Partnership, which will enable CVS and Walgreens to administer the Pfizer vaccine to residents and staff in long-term care facilities at no cost to the state or local government. The partnership aims to prioritize the
Pfizer Inc.
California has joined the federal COVID-19 Pharmacy Partnership, a program that will provide no-cost Pfizer vaccines to residents and staff in long-term care facilities. The partnership, led by CVS and Walgreens, aims to vaccinate those most vulnerable to the virus, leveraging the pharmacies' resources to effectively deploy vaccines to
