NHC, Maury Regional to break ground on nursing center

Murfreesboro-based National HealthCare Corp. will break ground this week on a 112-bed skilled nursing center in Maury County.

The new Columbia facility is a joint venture between NHC and Maury Regional Medical Center and represents an $18 million investment. Last October, NHC began work on a similar facility in Bellevue. NHC Place at the Trace is expected to open next spring.

Shares of NHC (Ticker: NHC) were $62.80 Monday afternoon. Year to date, they're flat.

Jul 28, 2015 6:45 AM

Insurance agent sues WTVF for defamation

Investigative piece prompts $1.5M claim
Jul 27, 2015 2:38 PM

NHI makes $67M buy, adds to credit line

REIT adds three communities to portfolio
Jul 2, 2015 7:12 AM

NHI's Hutchens eyes Golden State growth

Under CEO Justin Hutchens, senior living real estate investment trust National Health Investors has tripled its asset base to about $2 billion while its market cap now stands at more than $2.3 billion. In a recent interview with Senior Housing News, Hutchens discusses some of the ways he plans to further build NHI's footprint. California looks to be a key growth market thanks to its tighter regulations but Texas and Florida likely won't figure as prominently because their barriers to entry are lower.

Read the full Q&A here.

Jun 29, 2015 10:28 AM

Brookdale announces executive shake-up

COO stepping down; president/CFO dropping financial duties
Jun 22, 2015 12:20 PM

Blakeford pursues $25M expansion, master plan evaluation

Senior living community could add 44 units, transfer 12
Jun 12, 2015 2:15 PM

Is the clock ticking for a big Brookdale REIT deal?

Ronald Orol at The Street says activist investor Sandell Asset Management appears to hold a strong hand in its dealings with Brookdale Senior Living, which it wants to spin off its real estate. The New York-based investment firm, Orol writes, plans to add to its board presence next spring to try to force such a transaction unless Brookdale's directors act before then. And the pieces are in place for such action — as are two deep-pocketed potential buyers.

For HCP and Ventas, an acquisition of Brookdale or its assets would prevent the formation of a new rival. Any move by Brookdale to spin off its massive real estate holdings into a free-standing REIT would create new competition for HCP and Ventas in the health care REIT industry, people familiar with Sandell argue.

Jun 8, 2015 7:20 AM

Goldman says buy Brookdale

Goldman Sachs analyst Brian Zimmerman has begun covering shares of Brookdale Senior Living with a 'buy' rating. He sees the stock, which closed at $36.87 (Ticker: BKD) and is flat year to date, climbing to $45 in the coming year. Among the seven analysts tracking the Brentwood-based company, the median price target is $44.

Jun 5, 2015 7:24 AM

Prudential Financial real estate arm buys in Franklin, Hendersonville

A real estate branch of Prudential Financial has acquired two Tennessee assisted living communities and one in Connecticut for $110 million.

Through the deal, Prudential Real Estate Investors acquires The Hearth at Hendersonville and The Hearth at Franklin, which have 130 and 126 units, respectively.

"We are pleased to add the Hearth Portfolio, a high-quality senior housing portfolio with strong income potential, as the first investment for our SHP V portfolio," Noah Levy, head of PREI's Senior Housing business. "We look forward to partnering with Hearth Management, who are proven senior hosting operators, to deliver attractive risk-adjusted returns for SHP V investors.

Hearth Management previously owned the properties through a joint venture and will remain as property manager.

Jun 1, 2015 10:25 AM

HCA, Brookdale execs book more than $4M in stock profits

Hospital chain SVPs come back for second round of option deals this month
May 20, 2015 7:30 AM