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Stock Market & Financial Investment News

News Breaks
February 21, 2014
10:20 EDTCNO, BKD, WMGI, GGB, OCRHigh option volume stocks: OCR WMGI CNO GGB BKD
News For OCR;WMGI;CNO;GGB;BKD From The Last 14 Days
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March 31, 2015
11:38 EDTBKDBrookdale Senior Living management to meet with Jefferies
Meeting to be held in New York on April 6 hosted by Jefferies.
March 25, 2015
07:29 EDTWMGILeerink to hold booth tours
Leerink Booth Tours at AAOS 2015 will be held in Las Vegas on March 25-26.
March 24, 2015
11:10 EDTWMGIWright Medical approval expected quarter later than guidance at Piper Jaffray
After polling industry contacts about the Wright Medical's (WMGI) Augment vendor issues, Piper Jaffray now expects Augment will be approved in mid-Q3, or a quarter later than management has guided. The firm still expects the Tornier (TRNX) deal to close even if the timing slips further. It keeps an Overweight rating on Wright with a $24 price target.
10:09 EDTOCRSupreme Court overturns appeals court ruling in Omnicare case
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March 23, 2015
08:07 EDTBKDBofA/Merrill healthcare high yield analyst has analyst/industry conference call
Healthcare High Yield Analyst Bland provides an update on the current state of the bond markets and the ability of healthcare providers to utilize debt financing on an Analyst/Industry conference call to be held on March 24 at 10 am.
March 20, 2015
07:35 EDTBKDBrookdale Senior Living price target raised to $46 from $41 at Jefferies
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March 17, 2015
08:46 EDTBKDHCP, Brookdale announce $849M acquisition of senior housing portfolio
Brookdale Senior Living (BKD) and HCP, Inc. (HCP) announced that they have entered into a definitive agreement to acquire from Chartwell Retirement Residences a portfolio of 35 private pay senior housing communities representing 5,025 units for $849M. The Portfolio will be acquired using a RIDEA joint venture structure with HCP and Brookdale owning 90% and 10%, respectively. Brookdale has operated these communities since 2011 after its acquisition of Horizon Bay, and will continue to manage the communities post-closing under a long-term management agreement. Located in eight states with concentrations in Florida, Texas and Colorado, the Portfolio is comprised of: (i) 33 senior housing properties representing 4,792 units with a diversified care mix of 46% assisted living, 45% independent living, 5% memory care and 4% skilled nursing; and (ii) leasehold interests in two communities, which properties are wholly-owned by HCP, representing 233 units including purchase option rights exercisable in 2017. The majority of the units are located within the nationís top 31 Metropolitan Statistical Areas. Currently 89% occupied with an average monthly rate of $3,425, the Portfolio is expected to be acquired unencumbered by third party debt, and is projected to generate a first year cash yield of approximately 6.6%. The closing of this acquisition, expected in the third quarter of 2015, is subject to regulatory approvals and other customary closing conditions. There can be no assurance that the acquisition will close or, if it does, when the closing will occur.

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