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Stock Market & Financial Investment News

News Breaks
January 7, 2014
06:02 EDTVTR, LTC, HCN, NHI, HR, MPW, HTA, OHI, HCP, SNHHealthcare REIT sector downgraded to Underweight at Wells Fargo
Wells Fargo downgraded the Healthcare REIT sector to Underweight from Market Weight citing the group's interest-rate sensitivity and a lack of visibility into the direction of market interest rates. In conjunction with the sector change, Wells downgraded to Underperform shares of Omega Healthcare (OHI) and Senior Housing (SNH). The firm keeps Outperform ratings on HCP Inc. (HCP), Health Care REIT (HCN) and Healthcare Trust (HTA).
News For OHI;SNH;HCP;HCN;HTA;HR;LTC;MPW;NHI;VTR From The Last 14 Days
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March 27, 2015
18:02 EDTOHIS&P announces changes to S&P 400, 500, and 600 indices
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17:23 EDTOHIGentherm to replace Aviv REIT in S&P 600 as of 4/1 close
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14:48 EDTOHIAviv REIT stockholders approve acquisition by Omega Healthcare
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14:47 EDTOHIOmega Healthcare approve issuance of stock in merger with Aviv REIT
Omega Healthcare Investors (OHI) announced that at its special meeting its stockholders approved the issuance of shares of Omega common stock to stockholders of Aviv REIT (AVIV) in connection with the proposed merger of Aviv with and into a wholly owned subsidiary of Omega. Omega stockholders also approved an amendment to Omegaís charter to increase the number of authorized shares of Omega common stock to 350M. The transaction is expected to close on or about April 1, subject to satisfaction of all remaining closing conditions. Assuming completion of the merger, Aviv stockholders will receive a fixed exchange ratio of 0.90 of an Omega share for each share of Aviv common stock they own.
March 24, 2015
10:36 EDTOHIOmega Healthcare to host special shareholder meeting
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March 17, 2015
08:46 EDTHCPHCP, 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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