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Welltower (WELL) & Jefferson Sign MoU, Announce JV Plans
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WelltowerInc. (WELL - Free Report) and Philadelphia-based Thomas Jefferson University and Jefferson Health recently announced their plans to form a long-term joint venture, in order to enhance care at the company’s senior housing communities.
While a Memorandum of Understanding (MOU) has been signed by both parties, a definitive agreement is anticipated to be executed over the next 90 days. This will mark Welltower’s first-of-its-kind partnership with a major academic health system.
Per the terms of the MOU, clinicians from Jefferson will offer care at Welltower’s senior housing, assisted living and memory-care communities in Philadelphia and southern New Jersey region, as well as future properties that the organizations will jointly develop. This suggests that Jefferson clinicians will manage and enhance full continuum of care for residents, from pre-acute to acute and post-acute.
Additionally, the partnership calls for Welltower to acquire a stake in certain real estate assets of Jefferson, providing the latter with cash for other clinical and academic strategic plans, including the expansion of its ambulatory care centers network.
Other than financial support, Welltower will provide its best-in-class predictive analytical tools to guide Jefferson in determining the best sites to build these ambulatory care centers and for other future real estate investments.
Per Welltower management, "Welltower and Jefferson are well aligned in our thinking that much of the current built environment for healthcare delivery cannot meet the promise of technological innovation and value-based care. Jefferson, a leader in delivering care outside the hospital walls, together with Welltower, will work to ensure that Jefferson's healthcare delivery infrastructure will deliver care more efficiently, cost effectively and with improved outcomes."
The partnership will likely have an emphasis on technology. Both companies envision to track residents and wellness at the facilities through wearable devices, mobile-enabled communications and alert messaging integrated into electronic medical records.
Notably, the agreement is one of the many synergistic collaborations with health systems undertaken by Welltower to invest in the next generation assets of health and enhance wellness care delivery.
With the upcoming demographic-driven demand boom from the aging baby boomers, the company’s measures to enhance its senior housing portfolio position it well to benefit from this growth driver.
Over the past six months, shares of this Zacks Rank #3 (Hold) company have edged down 0.4%, as against the industry's gain of 2%.
Stocks to Consider
Boston Properties, Inc. (BXP - Free Report) currently carries a Zacks Rank of 2 (Buy) and has gained 15.5% in the past year. The company’s funds from operation (FFO) per share estimate for 2020 has been revised marginally upward to $7.53 in two months’ time. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
CyrusOne Inc’s Zacks Consensus Estimate for the current-year FFO per share moved slightly north to $3.92 in the past two months. It carries a Zacks Rank of 2, at present. The stock has rallied 21.2% over the trailing 12-month period.
Lamar Advertising Company’s (LAMR - Free Report) Zacks Consensus Estimate for the ongoing year’s FFO per share moved marginally upward to $6.15 over the past 60 days. Currently, it carries a Zacks Rank of 2. Also, it has appreciated 24.9% in the past year.
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Welltower (WELL) & Jefferson Sign MoU, Announce JV Plans
Welltower Inc. (WELL - Free Report) and Philadelphia-based Thomas Jefferson University and Jefferson Health recently announced their plans to form a long-term joint venture, in order to enhance care at the company’s senior housing communities.
While a Memorandum of Understanding (MOU) has been signed by both parties, a definitive agreement is anticipated to be executed over the next 90 days. This will mark Welltower’s first-of-its-kind partnership with a major academic health system.
Per the terms of the MOU, clinicians from Jefferson will offer care at Welltower’s senior housing, assisted living and memory-care communities in Philadelphia and southern New Jersey region, as well as future properties that the organizations will jointly develop. This suggests that Jefferson clinicians will manage and enhance full continuum of care for residents, from pre-acute to acute and post-acute.
Additionally, the partnership calls for Welltower to acquire a stake in certain real estate assets of Jefferson, providing the latter with cash for other clinical and academic strategic plans, including the expansion of its ambulatory care centers network.
Other than financial support, Welltower will provide its best-in-class predictive analytical tools to guide Jefferson in determining the best sites to build these ambulatory care centers and for other future real estate investments.
Per Welltower management, "Welltower and Jefferson are well aligned in our thinking that much of the current built environment for healthcare delivery cannot meet the promise of technological innovation and value-based care. Jefferson, a leader in delivering care outside the hospital walls, together with Welltower, will work to ensure that Jefferson's healthcare delivery infrastructure will deliver care more efficiently, cost effectively and with improved outcomes."
The partnership will likely have an emphasis on technology. Both companies envision to track residents and wellness at the facilities through wearable devices, mobile-enabled communications and alert messaging integrated into electronic medical records.
Notably, the agreement is one of the many synergistic collaborations with health systems undertaken by Welltower to invest in the next generation assets of health and enhance wellness care delivery.
With the upcoming demographic-driven demand boom from the aging baby boomers, the company’s measures to enhance its senior housing portfolio position it well to benefit from this growth driver.
Over the past six months, shares of this Zacks Rank #3 (Hold) company have edged down 0.4%, as against the industry's gain of 2%.
Stocks to Consider
Boston Properties, Inc. (BXP - Free Report) currently carries a Zacks Rank of 2 (Buy) and has gained 15.5% in the past year. The company’s funds from operation (FFO) per share estimate for 2020 has been revised marginally upward to $7.53 in two months’ time. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
CyrusOne Inc’s Zacks Consensus Estimate for the current-year FFO per share moved slightly north to $3.92 in the past two months. It carries a Zacks Rank of 2, at present. The stock has rallied 21.2% over the trailing 12-month period.
Lamar Advertising Company’s (LAMR - Free Report) Zacks Consensus Estimate for the ongoing year’s FFO per share moved marginally upward to $6.15 over the past 60 days. Currently, it carries a Zacks Rank of 2. Also, it has appreciated 24.9% in the past year.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
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