Latest news with #ProCare
Yahoo
28-05-2025
- Business
- Yahoo
Should You Retain Invitation Homes Stock in Your Portfolio Now?
Invitation Homes Inc. INVH is poised for growth with a diverse portfolio in infill locations in high-growth markets, an asset-light model, technological moves, process enhancements and a healthy balance sheet. However, the elevated supply of rental units in some of Invitation Homes' markets and the high debt burden are its concerns. Last month, INVH reported first-quarter 2025 core funds from operations (FFO) per share of 48 cents, beating the Zacks Consensus Estimate of 47 cents. The reported figure compared favorably with the prior-year quarter's 47 cents. Results reflected higher same-store NOI, with increased same-store blended rent, though lower same-store average occupancy partly marred the upside. Invitation Homes is poised to benefit from a high-quality portfolio of single-family rental units in infill locations in the Western United States, Sunbelt and Florida. Solid demand for such rental units in the high-growth markets with favorable demographic trends is likely to benefit the company in the upcoming quarters. INVH operates on an asset-light model by building relationships for built-to-rent units with top homebuilders like D.R. Horton, Lennar, Pulte, Meritage and many others who develop homes and deliver them to the company. It aims to drive profitability through a value-added platform and minimal capital investments. Invitation Homes is leveraging technological initiatives and process enhancements through the ProCare application for enhanced customer experience and margin expansion. Such efforts are likely to capture additional NOI, driving long-term profitability. Per the company's March Investor Presentation, this residential REIT estimates around $80 million in value-added revenues for 2025. Invitation Homes continues to focus on its strategic priorities, such as disciplined capital distribution and maintaining an investment-grade balance sheet. As of March 31, 2025, the company had $1.36 billion of liquidity through a combination of unrestricted cash and undrawn capacity on its revolving credit facility. The company's Net debt/TTM adjusted EBITDAre was 5.3X, and it has no debt maturing before 2027. A healthy balance sheet position enables it to procure debt financing at a favorable rate. Solid dividend payouts are arguably the biggest enticement for REIT investors, and INVH remains committed to that. The company has increased its dividend five times in the last five years, and the five-year annualized dividend growth rate is 17.59%, which is encouraging. Given Invitation Homes' operating platform and solid financial position, its dividend seems sustainable and well-covered by cash flow from operations. The struggle to lure renters is likely to persist as the volume of new deliveries remains elevated in several markets where Invitation Homes operates. Particularly in markets like Texas, Florida and Phoenix and a few others with easier barriers to entry, the company is witnessing supply pressures, resulting in lower rental rates. Despite the Federal Reserve announcing rate cuts late in 2024, the interest rate is still high and is a concern for Invitation Homes. Elevated rates imply high borrowing costs for the company, affecting its ability to purchase or develop real estate. The company has a substantial debt burden, and its total debt as of March 31, 2025 was $8.18 billion. Over the past three months, shares of this Zacks Rank #3 (Hold) company have fallen 2.8%, narrower than the industry's decline of 10%. Image Source: Zacks Investment Research Some better-ranked stocks from the broader REIT sector are VICI Properties VICI and W.P. Carey WPC, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for VICI Properties' 2025 FFO per share has been raised marginally over the past month to $2.34. The consensus estimate for W.P. Carey's current-year FFO per share has moved northward by 1% in the past month to $4.88. Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report W.P. Carey Inc. (WPC) : Free Stock Analysis Report Invitation Home (INVH) : Free Stock Analysis Report VICI Properties Inc. (VICI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Scoop
22-05-2025
- Health
- Scoop
No New Spending Announced For Primary Care In Budget 2025
Press Release – ProCare Health Leading healthcare provider, ProCare, has called today's Budget extremely disappointing for primary care, with no new spending announced. While the Budget document touts a significant investment of $440.7 million over five years, the reality is that none of that is new money. Bindi Norwell, CEO at ProCare says: 'Whist we acknowledge and welcome the pre-announced money which will help improve access, retention, and performance in general practice; the Government has not further invested in the wider primary care system as was anticipated by the sector. 'Last year's commitment to health care barely covered inflation and population growth, let alone addressing the issues we have with an aging population. This year's new commitment is a paltry sum with additional requirements, that in real terms suggests the government investment in primary care is going backwards. 'While our colleagues in secondary care will likely be welcoming the announcement, particularly the infrastructure investment for new hospitals, the reality is that primary care is once again missing out. Primary care has been underfunded for years now and is in desperate need of a significant funding investment,' continues Norwell. 'It's integral to invest in preventative care to keep people out of hospitals. Research shows that every dollar invested in general practice saves around $13 to $15 in secondary healthcare costs. Not investing more seems counter-intuitive to keeping our population well and to saving money in the long run,' points out Norwell. 'Today's announcement will likely hit consumers hard, as practices will likely need to increase their fees again to cover the costs of keeping the lights on and paying their staff,' concludes Norwell. About ProCare ProCare is a leading healthcare provider that aims to deliver the most progressive, pro-active and equitable health and wellbeing services in Aotearoa. We do this through our clinical support services, mental health and wellness services, virtual/tele health, mobile health, smoking cessation and by taking a population health and equity approach to our mahi. As New Zealand's largest Primary Health Organisation, we represent a network of general practice teams and healthcare professionals who provide care to nearly 700,000 patients across Auckland. These practices serve the largest Pacific and South Asian populations enrolled in general practice and the largest Māori population in Tāmaki Makaurau. For more information go to
Scoop
22-05-2025
- Health
- Scoop
ProCare Concerned By 12-Month Prescribing Extension In Budget 2025
ProCare, Aotearoa New Zealand's largest network of general practices, is concerned that the Government has chosen to disregard sector feedback by announcing a full 12-month repeat prescribing extension in Budget 2025, bypassing a more balanced 6-month approach recommended in formal submissions made in October 2024. ProCare's submission to Manatū Hauora in October 2024 made a strong case for a staged approach, recommending a 6-month limit in the first instance, with potential for further extension once safety and equity impacts were evaluated. Bindi Norwell, Chief Executive at ProCare says: 'While we acknowledge the Government's intention to ease pressure on the health system and reduce costs for patients, we remain deeply concerned about the patient safety implications, equity risks, and unintended consequences for the primary care workforce. 'We believe a 6-month prescribing model would have achieved a much better balance. It would have reduced unnecessary appointments and made access easier for patients, without undermining the crucial relationship between patients and their primary care teams,' continues Norwell. ProCare supports increased efficiency in repeat prescribing, but believes that 12-month prescriptions risk reducing proactive clinical oversight, particularly for patients with long-term or complex health conditions. We are particularly concerned for some of our vulnerable communities with limited health literacy or those with minimal engagement with general practice. Dr Allan Moffitt, Clinical Director at ProCare says: 'General practices are already under significant pressure. This change risks creating longer and more complex consultations down the line, and may reduce opportunities to catch early signs of deterioration in a patient's condition. We also have questions around the allocation of the $10 million allocated, and if it is going to mainly cover technical changes, rather than educating patients on the need to maintain strong relationships with their General Practice care teams.' ProCare warns it may destabilise continuity of care without clear guidelines and appropriate wraparound support like clinical pharmacist follow-up or nurse-led monitoring. Bindi Norwell says: 'This isn't about resisting change. It's about making sure we get it right for patients - the devil will be in the details, and our priority will be ensuring high-quality, clinically appropriate care for patients. Primary care must remain the front door of the health system, not a check-out aisle.' ProCare remains committed to working with Government to ensure that patient safety, health equity, and system sustainability are protected as these changes roll out.
Scoop
22-05-2025
- Health
- Scoop
No New Spending Announced For Primary Care In Budget 2025
Leading healthcare provider, ProCare, has called today's Budget extremely disappointing for primary care, with no new spending announced. While the Budget document touts a significant investment of $440.7 million over five years, the reality is that none of that is new money. Bindi Norwell, CEO at ProCare says: 'Whist we acknowledge and welcome the pre-announced money which will help improve access, retention, and performance in general practice; the Government has not further invested in the wider primary care system as was anticipated by the sector. 'Last year's commitment to health care barely covered inflation and population growth, let alone addressing the issues we have with an aging population. This year's new commitment is a paltry sum with additional requirements, that in real terms suggests the government investment in primary care is going backwards. 'While our colleagues in secondary care will likely be welcoming the announcement, particularly the infrastructure investment for new hospitals, the reality is that primary care is once again missing out. Primary care has been underfunded for years now and is in desperate need of a significant funding investment,' continues Norwell. 'It's integral to invest in preventative care to keep people out of hospitals. Research shows that every dollar invested in general practice saves around $13 to $15 in secondary healthcare costs. Not investing more seems counter-intuitive to keeping our population well and to saving money in the long run,' points out Norwell. 'Today's announcement will likely hit consumers hard, as practices will likely need to increase their fees again to cover the costs of keeping the lights on and paying their staff,' concludes Norwell. About ProCare ProCare is a leading healthcare provider that aims to deliver the most progressive, pro-active and equitable health and wellbeing services in Aotearoa. We do this through our clinical support services, mental health and wellness services, virtual/tele health, mobile health, smoking cessation and by taking a population health and equity approach to our mahi. As New Zealand's largest Primary Health Organisation, we represent a network of general practice teams and healthcare professionals who provide care to nearly 700,000 patients across Auckland. These practices serve the largest Pacific and South Asian populations enrolled in general practice and the largest Māori population in Tāmaki Makaurau. For more information go to
Yahoo
18-03-2025
- Health
- Yahoo
ProCare Medical Centers Opens Accident & Injury Clinic in Kyle, Texas
Eighth Clinic Location Expands Injury Care Access in Central Texas KYLE, Texas, March 18, 2025--(BUSINESS WIRE)--ProCare Medical Centers ("ProCare"), a Texas-based accident and injury-focused medical group, today announced the grand opening of its newest clinic in Kyle, Texas. ProCare's eighth location, the new clinic marks the continued expansion of the company's presence throughout the Central Texas region, in line with its strategic growth plan to provide convenient and comprehensive personal injury care throughout the state. ProCare Medical Centers offers a broad spectrum of expert injury care, with teams of expert healthcare practitioners covering pain management, orthopedics, neurology, chiropractic and active rehabilitation, traumatic brain injuries, and counseling. The Kyle clinic will be led by Dr. Bryan Woods, DC, a seasoned accident and injury care specialist who has served Austin-area patients for over 25 years. Dr. Woods joins from ProCare's Central Austin location, which he has led for over 3 years. "The Kyle clinic is another step forward in our mission to provide exceptional injury care across Texas," said Dr. Neil Boecking, DC, founder and president of ProCare Medical Centers. "With so much growth in Kyle, Buda and the surrounding areas, we see an increasing need for access to quality medical care for victims of auto accidents. Our world-class team includes pain management specialists, neurologists, chiropractors, and other medical providers to help those injured in an accident recover quickly." Dr. Woods added: "I'm passionate about serving the growing Kyle community with compassionate, personalized care, and I look forward to delivering on our mission to treat patients like family. I look forward to joining the Kyle community, enjoying my fair share of pie in the Pie Capital of Texas and helping our patients on their path to recovery." Dr. Woods and the Kyle ProCare team are now accepting new patients at 5581 Kyle Centre Dr., Suite 205. For more information about ProCare Medical Centers, visit About ProCare Medical Centers: Founded in 2004 in central Austin, ProCare Medical Centers has expanded to eight regional clinics throughout Texas, including Kyle, San Antonio, Austin, Round Rock, and New Braunfels. The organization offers individualized, high-quality personal injury care with a commitment to accessibility and patient-centered service. ProCare's multidisciplinary team designs personalized care plans to support each patient's recovery journey. Learn more at View source version on Contacts Jon Pafk, Chief Marketing OfficerProCare Medical Centers512-953-3477jp@
