Transformational acquisition repositions Company with majority private pay revenue portfolio and vertically integrated seniors housing platform. The Transaction, which is subject to customary closing conditions, is expected to close in the third quarter of Strategic Portfolio Acquisition: The Portfolio is strategically clustered in attractive and growing markets across Virginia and Pennsylvania with an average effective age of approximately 10 years.
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Invesque will obtain an exclusive right of first offer on three additional communities that are currently, and will continue to be, managed by Commonwealth post-closing. Increases Exposure to Private Pay Seniors Housing: The Portfolio comprises 1, private pay independent living, assisted living and memory care units with an aggregate resident capacity of 1, beds. Acquisition of Operating Platform: Together with the Portfolio, the Company will acquire the Commonwealth management team.
These long-tenured and highly respected seniors housing operators will serve as the foundation for Invesque to build a vertically integrated, regional operating and management model within its existing seniors housing portfolio. Invesque may leverage this operating platform for the management of additional Invesque properties in the future, which would generate additional synergies and earnings growth to Invesque.
Furthermore, this transaction positions our portfolio well as we continue our focus on creating a diversified healthcare real estate company. Following this acquisition, we will have a larger and stronger platform to finance growth and take advantage of market fragmentation in the healthcare industry to create value for our shareholders.follow link
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Commonwealth, collectively with its affiliates, is a leading high-quality developer, owner, and operator of senior living communities led by a highly experienced team focused on both operations and steady growth through acquisition, expansion, and redevelopment opportunities. You are here SBA.
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Patout sba. The percentage of individuals age 62 and over who were self-employed increased from 4.
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A high level of MDROs on patient hands increases the chance that these superbugs will be transmitted to other frail patients and health care workers. Frequent antibiotic use in post-acute care patients also increases the probability that MDROs introduced to a post-acute care facility will flourish.
Because of overuse of antibiotics in many healthcare settings, certain strains of several infectious bacteria have evolved to be resistant to treatment with the drugs — making them even more dangerous than other strains. The Centers for Disease Control and Prevention issued a new report this month on hospital-acquired infections including those involving superbugs, and called for increased efforts to prevent them from spreading.
They often choose to stay in facilities that offer group activities and social events.
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Increasing numbers of seniors bringing hospital superbugs through the revolving door of the PAC facilities for short stays as opposed to living long-term means new policies and innovations are needed to stop the superbugs from spreading more deeply into the post-acute care facilities, Mody says. Mody and her team developed a toolkit for PACs to use in training employees to control infections, called the TIP study toolkit.