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Senior Care Investor |
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The SeniorCare Investor: Senior Care News in M&A
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The SeniorCare Investor newsletter
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Assisted Living Concepts Soars
Four weeks ago, when we wrote that Assisted Living Concepts was just too cheap to ignore when it briefly dropped below $5.50 per share, we wondered whether anyone was listening (or reading). Well, someone has made some serious money, because since our comments in late March and our lead story in the April issue of The SeniorCare Investor, [...]
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Skilled Nursing Problems In Connecticut?
It was bad enough when Haven Healthcare, operator of 25 skilled nursing facilities, of which 15 are in Connecticut, filed for bankruptcy protection late last year, but a second local chain also filed for bankruptcy protection a few weeks ago, Marathon Healthcare. This company is much smaller, with just six nursing facilities in Connecticut and one [...]
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Assisted Living Concepts Too Cheap?
We remember the days, not too long ago, when various hedge funds would call us asking what we thought about Assisted Living Concepts, and telling us that the stock was too cheap and trading well below replacement cost, and whether we thought the company should be a takeover target. And that was when it was trading [...]
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Sunrise Senior Living Files 2006 10-K
At long last, and just before its shares were going to be de-listed, Sunrise Senior Living filed its 2006 10-K, which included revised numbers for 2005 and 2004. It will still be difficult to value the company until more recent numbers are released, and even then it will not be easy. One of the things [...]
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Brookdale Senior Living Slashes Dividend
Although many investors believed that a dividend cut was already built into Brookdale Senior Living’s share price, we are not sure they expected a 50% cut in the quarterly dividend to just $0.25 per share. The irony is that it was fairly foolish to have even pushed the quarterly dividend up to $0.50 per share [...]
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No 10-K From Sunrise Senior Living
My apologies for my absence from this page during the past few weeks. Admittedly, there hasn’t been much news, or “fun” news, but that shouldn’t be an excuse. But the hibernation is over, and the Bear is back from it’s slumber. I’m not referring to Bear as in the opposite of Bull, nor am I referring to [...]
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Capital Senior Living Cancels Hearthstone Acquisition
We waited to post this entry, probably for too long, because the news that Capital Senior Living terminated its proposed acquisition of the 32 leased assisted living facilities from Hearthstone Senior Services is no longer real news, especially for a blog. Our delay was the result of trying to find the story behind the story, [...]
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Capital Senior Living Shareholder Not Happy With Deal
Don’t get me wrong, I love free press for our publications. But when a dissident shareholder of a company makes reference to certain things we have said, such as in the January 2008 issue of The SeniorCare Investor, in a letter to the outside director of Capital Senior Living and it is filed with the SEC, [...]
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Sun Healthcare A Takeover Target?
No one is predicting any major M&A deals in the seniors housing and care sector, especially the buyout of a publicly traded company. But Sun Healthcare Group jumped by 6% yesterday on trading volume that was four times its daily average. The cause? Apparently, CNBC made a brief statement that Sun was “in play,” or so we [...]
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Expert Opinion: A Conversation With Larry Minnix
EXPERT OPINION: A Conversation with Larry Minnix
Jane Zarem, editor of Senior Living Business, caught up with AAHSA?s president, Larry Minnix , at their annual fall conference. Here?s what he had to say about AAHSA?s proposal to dramatically alter the way America approaches and finances long-term health care for the elderly.
You can listen to the interview (click here, 6 [...]
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