Analyst call lifts Brookdale to 16-month high

Shares of Brookdale Senior Living are up about 6 percent in Wednesday trading on the back of Deutsche analysts initiating coverage of the nursing home chain and a number of its peers with 'buy' ratings. The researchers call Brentwood-based Brookdale a "must-own" and say the industry as a whole has a lot of good things going for it. They also launched coverage of Capital Senior Living, Emeritus and Five Star Quality Care with 'buy' ratings.

At almost 2 p.m., Brookdale (Ticker: BKD) was changing hands right at $25. (Deutsche sees it going to $33.) If it hangs on at that level, it would be its highest close since early July 2011.

SEE ALSO: A deeper look at why investors are enamored with nursing home operators

Oct 3, 2012 2:02 PM

NHI acquires SoCal facility

REIT paid $12M for 181-unit senior living campus
Oct 1, 2012 12:00 PM

Why Brookdale popped

Shares of Brookdale Senior Living jumped 6 percent Thursday after a piece by Bloomberg took a closer look at the low valuations of the Brentwood-based operator and a number of its peers. The consensus is that health care real estate investment trusts are on the prowl for buyout targets as nursing homes benefit from demographics and rising property values.

SEE ALSO: Brookdale pops on competitor's acquisition from last month

Sep 28, 2012 9:31 AM

Another nonprofit sues NHI, NHC over facility sales

Claims echo those of Care Foundation case settled in late 2009
Sep 10, 2012 2:36 PM

Windsor Health founder joins Care Technology Systems board

Aging-in-place venture taps veteran exec for guidance
Sep 6, 2012 9:43 AM

Brookdale pops on competitor's acquisition

Shares of Brookdale Senior Living popped more than 7 percent in early Wednesday trading after Health Care REIT said it would spend about $850 million to buy Sunrise Senior Living. The stock (Ticker: BKD) retreated a bit before surging some more. At about noon, shares were changing hands well above $21 for the first time since July of last year. They concluded the day at $22.08. Smaller competitors Advocat (Ticker: AVCA) and National HealthCare (Ticker: NHC) ended the trading session up about 5 percent and down about 2 percent, respectively.

Aug 22, 2012 12:05 PM

NHC investing in Tullahoma

National HealthCare Corp. said it will invest almost $11 million to build a 90-bed skilled nursing and rehabilitation facility in Tullahoma. The complex, which will employ about 100 people when full, is set to open its doors around this time next year.

Aug 16, 2012 7:21 AM

NHI forks over $25M for senior living campus

National Health Investors has paid $25.2 million for a 138-unit senior living community in Silverdale, Wash., and lent another $3.5 million to Sante' Partners, the Oregon-based tenant of the facilities. NHI’s acquisition won’t be final until later this week. The deal was funded by the Murfreesboro-based company’s existing loan agreements and is subject to state licensing acceptance before ownership changes hands.

“This very attractive acquisition contributes to NHI’s goal of diversifying our portfolio. We are delighted to expand our relationship with Sante’ Partners,” Justin Hutchens, NHI president and CEO, said in a release.

Aug 15, 2012 9:40 AM

Earnings wrap: CCA, Advocat

Prison operator says Jan. 1 REIT conversion still possible, nursing home chain eyes acquisitions
Aug 9, 2012 6:44 AM

Advocat suitors call on shareholders to pester board

The investment group seeking to take over Advocat is pressing the nursing home chain's investors to get in touch with their directors and executives about the recently announced buyout of Sun Healthcare by privately held Genesis HealthCare. Covington Health Group says its bid for Advocat is even better than the Sun Healthcare deal.

Jun 25, 2012 2:35 PM