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Industry Headlines Sponsor

Industry Performance and Statistics

Selected Industry Headlines

  • May 2, 2008 – Medical Properties Trust Inc. (MPW) A subsidiary of Medical Properties Trust Inc. has purchased the HealthSouth Sunrise Rehabilitation Hospital in Florida for $25.7 million. HCP, Inc. sold the 89,968-square-foot building to MPT of Fort Lauderdale on April 25. MPT is a subsidiary of Birmingham-based Medical Properties Trust. HealthSouth's lease was transferred to MPT, according to court records. The hospital has 116 beds.
  • May 1, 2008 – Omega Healthcare Investors Inc. (OHI) has agreed to sell stock to institutional investors in a deal expected to raise nearly $100 million for the company. Omega, expects the sale to close May 6. Timonium-based Omega plans to use the proceeds to pay down debt under its senior credit facility. Omega had $82 million in debt on its credit line at March 31, according to an April 28 quarterly filing with the Securities and Exchange Commission. That figure jumped by more than two-thirds since year's end. Cohen & Steers Capital Advisors LLC of New York was Omega's agent in placing the securities with investors. Omega did not name the institutional investors that will buy the stock. Omega owns or holds mortgages on 235 health care facilities in 28 states. More than 25 different companies operate the long-term care facilities.
  • May 1, 2008 – Senior Housing Properties Trust (SNH) announced that it will host a conference call in conjunction with the announcement of its first quarter 2008 financial results. SNH plans to issue a press release containing its first quarter 2008 financial results before the NYSE opens on Wednesday, May 7, 2008. Later that day at 1:00 p.m. Eastern Time, David Hegarty, President and Chief Operating Officer, and Richard Doyle, Chief Financial Officer, will host a conference call to discuss the first quarter 2008 results. Following the company’s remarks, there will be a short question and answer period. The conference call telephone number is (866) 550-6338. Participants calling from outside the United States and Canada should dial (347) 284-6930. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A replay of the conference call will be available through 4:00 p.m. Wednesday, May 14, 2008. To hear the replay, dial (719) 457-0820. The replay pass code is 4408781. A live audio webcast of the conference call will also be available in a listen-only mode on the company’s web site, which is located at www.snhreit.com. Participants wanting to access the webcast should visit the company’s web site about five minutes before the call. The archived webcast will be available for replay on the company’s web site for about one week after the call.
  • May 1, 2008 – Emeritus Corporation (ESC) announced that it has closed on the refinance of $20.0 million in mortgage debt on five existing communities. Three of the five communities were financed through Fannie Mae with a $25.4 million note at an annual fixed rate of 6.29% and a term of 10 years. The remaining two communities were financed with variable rate debt of $13.3 million, of which $7.2 million was withheld at closing and is available for funding of construction projects on the two communities. The variable rate note has a term of three years with an annual rate of 5.06% at closing based on the current LIBOR rate. Key Bank is the originating lender for all five communities. The Company received approximately $11.2 million in cash from this transaction, which will be used for general corporate purposes.
  • May 1, 2008 – Sun Healthcare Group Inc. (SUNH) said it has filed to sell up to $200 million worth of debt securities, common stock, preferred stock and warrants. Sun said it has no current plans to issue any of these securities but may do so in the future.
  • May 1, 2008 – Sunrise Senior Living, Inc. (SRZ) will host a conference call on Thursday, May 8, 2008, at 4:30 p.m. ET to discuss the Company's selected financial and operating data for the first-quarter of 2008 which ended March 31, 2008. The call-in number for the conference call is (800) 343-0453 or (785) 830-7983 (no password required). Those interested may also go to the Investor Relations section of the Company's website, http://www.sunriseseniorliving.com, to listen to the call. A telephone replay of the call will be available until May 15, 2008 by dialing (719) 457-0820 or (888) 203-1112 (passcode: 3737403). The live broadcast of the conference call will also be available on-line at the Company's website in the Investor Relations section. The on-line replay will follow shortly after the call and continue through August 8, 2008.
  • May 1, 2008 – BioMed Realty Trust, Inc. (BMR) will hold its Q1 2008 conference call on Thursday, May 1, 2008 at 1:00pm ET.
  • May 1, 2008 – Five Star Quality Care, Inc. (FVE) announced that it will host a conference call in conjunction with the announcement of its first quarter 2008 financial results. Five Star plans to issue a press release containing its first quarter 2008 financial results after the AMEX closes on Wednesday, May 7, 2008. At 5:00 p.m. Eastern Time, Bruce Mackey, President and Chief Executive Officer, and Fran Murphy, Chief Financial Officer, will host a conference call to discuss the first quarter 2008 financial results. Following the company’s remarks, there will be a short question and answer period. The conference call telephone number is (866) 550-6338. Participants calling from outside the United States and Canada should dial (347) 284-6930. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A replay of the conference call will be available through 8:00 p.m. Eastern Time Wednesday, May 14th. To hear the replay, dial (719) 457-0820. The replay pass code is 7853746. A live audio webcast of the conference call will also be available in a listen-only mode on the company’s web site, which is located at www.fivestarqualitycare.com. Participants wanting to access the webcast should visit the company’s web site about five minutes before the call. The archived webcast will be available for replay on the company’s web site for about one week after the call. April 30, 2008 – Brookdale Senior Living (BKD) announced that it plans to release its first quarter 2008 financial results after the market closes on Wednesday, May 7, 2008. The Company has scheduled a conference call to discuss the results on Thursday, May 8, 2008 at 8:00 AM ET. The conference call can be accessed by dialing (866) 845-7252 (from within the U.S.) or (706) 634-9069 (from outside of the U.S.) ten minutes prior to the scheduled start and referencing the "Brookdale Senior Living First Quarter Earnings Call." A webcast of the conference call will be available to the public on a listen-only basis at www.brookdaleliving.com. Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast. A replay of the webcast will be available for three months following the call. For those who cannot listen to the live call, a replay will be available until 11:59 PM ET on May 10, 2008 by dialing (800) 642-1687 (from within the U.S.) or (706) 645-9291 (from outside of the U.S.) and referencing access code "45785738."
  • April 30, 2008 – BioMed Realty Trust, Inc. (BMR) announced the signing of a new ten-year lease for more than 140,000 square feet at the Pacific Research Center, BioMed's Newark, California multi-tenant research campus. DayStar Technologies, Inc. (DSTI) will join BioMed's rapidly expanding roster of tenants at the Pacific Research Center in the East Bay of San Francisco's thriving technology corridor. DayStar is engaged in the development, manufacturing and marketing of solar photovoltaic products utilizing its proprietary thin film deposition technology. DayStar's Chief Executive Officer, Dr. Stephan DeLuca, said, "The Pacific Research Center is an ideal location with excellent facilities that meet our needs as we build our manufacturing capacity." Alan Gold, BioMed's President and Chief Executive Officer, commented, "It is with great excitement that we welcome Dr. DeLuca and his world-class team to our Newark campus. This lease further demonstrates our ability to deliver on our business model of making Pacific Research Center a thriving multi-tenant research and production campus. DayStar's long-term addition to the campus translates into a significant win for both DayStar and BioMed, and I congratulate our respective teams for bringing this deal to fruition."
  • April 29, 2008 – National Health Investors, Inc., (NHI) announced that the board of directors has authorized the company to purchase up to 1,000,000 of its outstanding common shares. The purchases will be made from time to time in the open market over the next 12 months and in accordance with Securities and Exchange Commission rule number 10b-18, company officials said. The company has approximately 27.8 million common shares outstanding.
  • April 28, 2008 – Sunrise Senior Living, Inc. (SRZ) opened Sunrise of Dollard-des-Ormeaux located in the West Island of Montreal. The new senior living community is Sunrise's first in the province of Quebec and its thirteenth community in Canada. "Montreal area seniors and their families are seeking new solutions to our traditional long term care environments here in Quebec," said Jean Favreau, area manager for Sunrise Senior Living in the province. "Sunrise offers a fresh approach. For more than a quarter century, Sunrise has enabled seniors to live life on their terms in a comfortable and engaging environment surrounded by caring people. Our new community in Dollard-des-Ormeaux and future properties here will set a higher standard for quality senior living and care in Quebec." The new four-story community, located at 4377 St. Jean Boulevard in Dollard-des Ormeaux, will provide individualized care and services to more than 100 residents needing assistance with activities like bathing, dressing, medication management and dining. Sunrise will ultimately employ about 80 team members who will work at the community and provide daily services, activities, programs and meals to residents. The residential looking property has beautifully appointed and spacious common areas, and special Sunrise Signatures like fresh flowers, a bistro and a community pet. Additionally, a specially designed area is dedicated to caring and serving residents with Alzheimer's disease and other forms of memory loss. In addition to Sunrise of Dollard-des-Ormeaux, the company is developing three other senior living communities in Quebec. These properties are located in Blainville, Beaconsfield, and Notre-Dame-de-Grace. In French-Canadian, these communities are branded as Maisons de vie Sunrise. The public may visit the following Web site to learn more about them: http://www.maisonsdeviesunrise.ca/
  • April 28, 2008 – HCP (HCP) announced the promotion of Thomas M. Klaritch to Executive Vice President—Medical Office Properties, effective May 1, 2008. Mr. Klaritch joined HCP as Senior Vice President—Medical Office Properties in connection with the Company’s acquisition of MedCap Properties in October 2003. Mr. Klaritch replaces Charles A. Elcan who, effective April 30, 2008, is resigning as the Company’s Executive Vice President—Medical Office Properties to pursue entrepreneurial opportunities. “Tom has been a valuable part of our medical office building leadership since he joined the Company. We anticipate that Tom will play an increased role in moving forward the nation’s largest MOB platform, consisting of 17.4 million square feet and 269 properties. We thank Chuck for his contributions to HCP and wish him continued success in his future endeavors,” said Jay Flaherty, the Company’s Chairman and Chief Executive Officer. April 28, 2008 – Medical Properties Trust (MPW) will hold its Q1 2008 conference call on Thursday, May 8, 2008 at 11:00am ET. April 26, 2008 – Advocat, Inc. (AVCA) will hold its Q1 2008 conference call on Thursday, May 8, 2008 at 10:00am ET.
SEC Filings:
  • 05/02/08, Emeritus Corporation, 8-K, Emeritus Corporation filed a Form 8-K to announce that it refinanced the fixed rate mortgage debt on 18 of its existing properties.
  • 05/01/08, BioMed Realty Trust Inc., 10-Q, BioMed Realty Trust Inc. filed a Form 10-Q to issue a press release setting forth its financial results for the quarter ended March 31, 2008.
  • 05/01/08, BioMed Realty Trust Inc., 8-K, BioMed Realty Trust Inc. filed a Form 8-K to issue a press release setting forth its financial results for the quarter ended March 31, 2008.
  • 05/01/08, Sun Healthcare Group, Inc., 10-Q, Sun Healthcare Group, Inc. filed a Form 10-Q to issue a press release setting forth its financial results for the quarter ended March 31, 2008.
  • 05/01/08, Sun Healthcare Group, Inc., 8-K, Sun Healthcare Group, Inc. filed a Form 8-K to issue a press release setting forth its financial results for the quarter ended March 31, 2008.
  • 04/30/08, LTC Properties, Inc., 10-Q, LTC Properties, Inc. filed a Form 10-Q to issue a press release setting forth its financial results for the quarter ended March 31, 2008.
  • 04/30/08, LTC Properties, Inc., 8-K, LTC Properties, Inc. filed a Form 8-K to issue a press release setting forth its financial results for the quarter ended March 31, 2008.
  • 04/29/08, HCP, Inc., 10-Q, HCP, Inc. filed a Form 10-Q to issue a press release setting forth its financial results for the quarter ended March 31, 2008.
  • 04/29/08, HCP, Inc., 8-K, HCP, Inc. filed a Form 8-K to issue a press release setting forth its financial results for the quarter ended March 31, 2008.
  • 04/29/08, National Health Investors, Inc., 8-K, National Health Investors, Inc. filed a Form 8-K to announce its intention to purchase company stock.
  • 04/28/08, Five Star Quality Care, Inc., 8-K, Five Star Quality Care, Inc. filed a Form 8-K to announce that Francis R. Murphy III has been elected by the Company's board of directors to be its Treasurer and Chief Financial Officer effective May 1, 2008. Mr. Murphy will replace Bruce J. Mackey Jr., who will be stepping into the role of Chief Executive Officer.