Brookdale doubles $250M credit line with GE Capital group

Executives at Brookdale Senior Living last week finalized a $500 million debt package with GE Capital and other lenders that replaces the company's $250 million revolving line. The new credit line includes a $100 million term loan and $400 million in revolving debt. It also extends its maturity date by almost two years and lowers the interest rate on money drawn by 75 basis points.

Dec 29, 2014 6:58 AM

Permit Patrol: 15 December 2014

National HealthCare work begins, a Bedford Commons building gets built, and more...
Dec 15, 2014 6:00 AM

NHI wraps $271M stock sale

National Health Investors has completed its sale of more than 4.4 million shares, raising more than $270 million to help it buy eight communities from Senior Living Communities. NHI shares (Ticker: NHI) was changing hands early this morning at $66.

Dec 8, 2014 8:32 AM

NHI buying eight communities for $476M

Murfreesboro company partially funding deal through 3.5M stock offering
Dec 2, 2014 7:00 AM

Earnings wrap: Sitel, First Acceptance, Diversicare

Currency swings sting call center manager, auto insurer keeps lid on costs, nice numbers from long-term care provider
Nov 7, 2014 11:53 AM

Earnings wrap: Delek, NHC, Healthcare Realty

Refiner's profits soar, nursing home owner's stock hits all-time high, good growth from medical REIT's same-store base
Nov 6, 2014 10:11 AM

Brookdale beats on Q3 revenue

Emeritus buy increased expenses, dropped housing revenue averages
Nov 6, 2014 7:00 AM

NHI buys in Ohio and Oregon, lends big to Seattle operator

REIT posts nice Q3 growth versus '13
Nov 4, 2014 5:46 AM

NHC renews $75M credit line

National HealthCare Corp. has renewed its $75 million credit line with Bank of America. It is the seventh renewal of the revolving credit agreement, which matures in October 2015, for the Murfreesboro-based company.

"The credit facility allows us the financial flexibility to continue to implement our strategy of expanding our continuum of post-acute care services, which includes skilled nursing, assisted living, home care and hospice," Robert Adams, NHC CEO, said in a release.

For the full filing, click here.

Oct 24, 2014 7:00 AM

NHC to break ground on Bellevue facility

Murfreesboro-based National HealthCare Corp. is scheduled to break ground today on a new assisted living and skilled nursing center in Bellevue.

NHC Place at the Trace represents a $38 million investment by the company, which operates nine other affiliated centers in the greater Nashville area. The new facility will create 200 jobs and is expected to open in the spring of 2016. It will to be a three-story, 135,000-square-foot center with 172 beds. Eighty-two of those beds will be for assisted living, including memory care patients.

"This area of the county has been reflective of Nashville's overall growth," Gerald Coggin, senior vice president of corporate relations, said in a release. "With that growth comes the need for broader health care services for our senior population, including rehabilitation services and assisted living. We designed NHC Place at the Trace to provide those services and to do so with the high level of quality care and innovative services for which NHC is well known."

Oct 21, 2014 9:45 AM