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In 2Q16, $SNH acquired a senior living community in Georgia for $8.4MM & an MOB in Florida for $45MM. In June, $SNH entered into a sale leaseback transaction with Five Star, the 7 assisted-living communities for approx. $112MM. The leases have initial expiration of 2028, with two 15-year renewal options, pay-a-rental rate of 7.5% of purchase price.
$WTW Great marketing execution and overwhelming response to the development strategy is seeing the stock boom. Biggest intraday gain ( 30%) since Nov. 2015. Hats off to Oprah Winfrey !!
$HSY is planning to cut its global workforce by 15%.
$ACN spreading its arms!! Now into pipeline network and emergency management services, thanks to the latest Davies Consulting buy.