Welltower net income falls below previously issued guidance
By
Kathleen Steele Gaivin
Jan 23, 2024
Ahead of a scheduled Feb. 14 earnings call, Welltower on Monday published a business update in which the Toledo, OH-based real estate investment trust noted that full year 2023 net income attributable...
Chapman, Duker, Kramer are 2024 inductees into Senior Living Hall of Fame
Jan 05, 2024
The late George Chapman, along with Marilynn Duker and Robert G. Kramer, are the 2024 inductees into the Senior Living Hall of Fame, the American Seniors Housing Association announced Thursday.
Brandywine Living acquired by Retirement Unlimited Inc.
By
Lois A. Bowers
Dec 20, 2023
Mt. Laurel, NJ-based Brandywine Living’s senior living management platform is being acquired by Roanoke, VA-based Retirement Unlimited Inc., RUI announced Wednesday.
Quality, safety, accountability vital, industry leaders say, as Washington Post report cites deaths at...
By
Lois A. Bowers
Dec 18, 2023
Senior living industry leaders stressed their belief in the importance of quality, safety and accountability Sunday in response to a package of articles in the Washington Post titled “Memory Inc.,”...
AG approves management transfer of 7 ProMedica SNFs to Providence Group
By
Kathleen Steele Gaivin
Nov 27, 2023
California Attorney General Rob Bonta (D) has given conditional approval to transfer management of seven skilled nursing facilities operated by Toledo, OH-based ProMedica to Providence Group, a California...
Monarch Communities, Welltower launch The Current brand with Weymouth, MA, community
By
Kathleen Steele Gaivin
Nov 17, 2023
Marsh, MD-based Monarch Communities, together with real estate investment trust Welltower, opened a “wellness-focused senior living concept” this week in Weymouth, MA. The Current Weymouth is the first...
More news for Thursday, Nov. 16
By
Kimberly Bonvissuto
Nov 16, 2023
Not-for-profit senior living and care transitions set record in 2023: Ziegler … Welltower, Chartwell dissolve joint venture … Some long-term care operators could face 50% premium hikes this year
Welltower, Chartwell dissolve joint venture
By
Kathleen Steele Gaivin
Nov 16, 2023
Welltower and Canada-based Chartwell Retirement Residences have dissolved their joint venture, first announced in 2021. Welltower said this week in a business update that the agreement to dissolve will...
Welltower sells 17.5 million shares to fund long-term care facility purchases
By
Kathleen Steele Gaivin
Nov 07, 2023
Welltower has sold 17.5 million shares of common stock to BofA Securities and Goldman Sachs & Co. and intends to use the net proceeds to acquire senior living communities and skilled nursing facilities,...
Amidst an increasingly uncertain economic outlook, Welltower reported another quarter of operating results that continue to exceed the company’s expectations, powered by “exceptional” growth in its...