Sector Posts Hot M&A Activity This Summer Since the passage of health care reform in mid-March, merger and acquisition activity in the Hospital sector has become robust. Prior to passage, 2010 posted only five deals involving five single hospitals for a combined...
Some Clues As to What Is Happening In Seniors Housing Only a few companies have reported their second quarter earnings results, and in one case we get a partial story on a company’s operating performance. But NIC MAP has come out with its preliminary numbers on...
Opens Negotiations With $18.3 Billion Bid In what appears to be the industry’s worst-kept secret, Sanofi-Aventis (NYSE: SNY) has approached biotech giant Genzyme Corp. (NASDAQ: GENZ) with a takeover offer. Why it would do so, however, is no secret. Several of Sanofi’s...
Lawsuits, Verdicts, Reimbursement: Bracing For The Future Very few people remember what happened a little more than seven years ago, but in early 2003, an unknown entity (at least to the senior care world) stepped in at the last minute and snatched the remaining...
Who Wins? And What Can We Learn From The Clare Experience? On July 1, investors holding $91.5 million in bonds in The Clare at Water Tower, the struggling high-rise CCRC in downtown Chicago, overwhelmingly agreed to exchange their Series 2005 bonds for a package that...
Two Illinois CCRCs File For Bankruptcy Protection In April of this year, the bankruptcy court entered an order confirming the plan of reorganization of Erickson Retirement Communities and the sale of certain assets to Redwood Capital Investment. Many people thought...