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DISPOSITIONS
12 Months Ended
Dec. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]  
DISPOSITIONS
DISPOSITIONS
2017 Dispositions
During the year ended December 31, 2017, the Company completed the sale of 31 skilled nursing/transitional care facilities and one senior housing community for aggregate consideration, net of closing costs, of $150.2 million. The net carrying value of the assets and liabilities of these facilities was $98.2 million, which resulted in an aggregate $52.0 million net gain on sale.
Excluding the net gain on sale, the Company recognized $12.6 million, $15.2 million and $15.6 million of net income during the years ended December 31, 2017, 2016 and 2015, respectively, from these facilities. The sale of these facilities does not represent a strategic shift that has or will have a major effect on the Company’s operations and financial results, and therefore the results of operations attributable to these facilities have remained in continuing operations.
2016 Dispositions
During the year ended December 31, 2016, the Company completed the sale of four skilled nursing/transitional care facilities, one acute care hospital, and one parcel of land for aggregate consideration, net of closing costs, of $98.0 million. The net carrying value of the assets and liabilities of these facilities, after the impairment loss of $29.8 million recognized in relation to the acute care hospital, was $104.1 million, resulting in an aggregate $6.1 million loss on sale.
Excluding the net loss on sale and real estate impairment, the Company recognized $0.7 million of net income and $2.3 million of net loss during the years ended December 31, 2016 and 2015, respectively, from these facilities. The sale of these facilities does not represent a strategic shift that has or will have a major effect on the Company’s operations and financial results, and therefore the results of operations attributable to these facilities have remained in continuing operations.