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Health Care REIT; New News March 1, 2011

Posted by shaferfinancial in Finance.
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Health Care REIT (HCN) agreed yesterday afternoon to buy the real estate assets of privately-held rehab facility and nursing home operator Genesis HealthCare for $2.4B. The assets include 147 post-acute, skilled nursing and assisted living properties in 11 states. So they blew by their $1.5B dollar acquisition guidance for 2011 in the second month. Also explains why they were so conservative in raising their dividend. HCN has a history of getting good returns on their acquisitions; hopefully this is another one.

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Comments»

1. Joshua - March 1, 2011

Wow, so cool how you saw that coming and how neat it was to see a result the very next day. Who will know the name Jim Cramer when they can know Dr. David Shafer!


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