Segment Information (Tables)

6 Months Ended

Jun. 30, 2011


	Triple-Net		Senior
	Leased		Living		MOB			All
	Properties		Operations		Operations			Other		Total
	(In thousands)
Revenues:
Rental income	$	120,129	$	—	$	23,758		$	—	$	143,887
Resident fees and services		—		202,482		—			—		202,482
Medical office building services revenue		—		—		9,822			—		9,822
Income from loans and investments		—		—		—			8,391		8,391
Interest and other income		—		—		—			78		78

Total revenues	$	120,129	$	202,482	$	33,580		$	8,469	$	364,660


Total revenues	$	120,129	$	202,482	$	33,580		$	8,469	$	364,660
Less:
Interest and other income		—		—		—			78		78
Property-level operating expenses		—		136,739		8,278			—		145,017
Medical office building services costs		—		—		7,954			—		7,954

Segment NOI		120,129		65,743		17,348			8,391		211,611

Loss from unconsolidated entities		—		—		(83	)		—		(83	)

Segment profit	$	120,129	$	65,743	$	17,265		$	8,391		211,528


Interest and other income											78
Interest expense											(53,732	)
Depreciation and amortization											(80,755	)
General, administrative and professional fees											(15,554	)
Loss on extinguishment of debt											(6	)
Merger-related expenses and deal costs											(55,807	)
Other											7,773
Income tax benefit											6,209

Net income										$	19,734


	Triple-Net		Senior
	Leased		Living		MOB		All
	Properties		Operations		Operations		Other		Total
	(In thousands)
Revenues:
Rental income	$	117,386	$	—	$	12,240	$	—	$	129,626
Resident fees and services		—		109,867		—		—		109,867
Income from loans and investments		—		—		—		3,705		3,705
Interest and other income		—		—		—		122		122

Total revenues	$	117,386	$	109,867	$	12,240	$	3,827	$	243,320


Total revenues	$	117,386	$	109,867	$	12,240	$	3,827	$	243,320
Less:
Interest and other income		—		—		—		122		122
Property-level operating expenses		—		71,059		4,124		—		75,183

Segment NOI		117,386		38,808		8,116		3,705		168,015

Loss from unconsolidated entities		—		—		—		—		—

Segment profit	$	117,386	$	38,808	$	8,116	$	3,705		168,015


Interest and other income										122
Interest expense										(43,840	)
Depreciation and amortization										(50,040	)
General, administrative and professional fees										(9,858	)
Loss on extinguishment of debt										(6,549	)
Merger-related expenses and deal costs										(4,207	)
Other										(121	)
Income tax expense										(409	)
Discontinued operations										5,852

Net income									$	58,965


	Triple-Net		Senior
	Leased		Living		MOB			All
	Properties		Operations		Operations			Other		Total
	(In thousands)
Revenues:
Rental income	$	238,732	$	—	$	47,994		$	—	$	286,726
Resident fees and services		—		316,984		—			—		316,984
Medical office building services revenue		—		—		16,779			—		16,779
Income from loans and investments		—		—		—			14,476		14,476
Interest and other income		—		—		—			156		156

Total revenues	$	238,732	$	316,984	$	64,773		$	14,632	$	635,121


Total revenues	$	238,732	$	316,984	$	64,773		$	14,632	$	635,121
Less:
Interest and other income		—		—		—			156		156
Property-level operating expenses		—		214,850		16,954			—		231,804
Medical office building services costs		—		—		13,490			—		13,490

Segment NOI		238,732		102,134		34,329			14,476		389,671

Loss from unconsolidated entities		—		—		(253	)		—		(253	)

Segment profit	$	238,732	$	102,134	$	34,076		$	14,476		389,418


Interest and other income											156
Interest expense											(96,290	)
Depreciation and amortization											(132,514	)
General, administrative and professional fees											(30,386	)
Loss on extinguishment of debt											(16,526	)
Merger-related expenses and deal costs											(62,256	)
Other											7,772
Income tax benefit											9,406

Net income										$	68,780


	Triple-Net		Senior
	Leased		Living		MOB		All
	Properties		Operations		Operations		Other		Total
	(In thousands)
Revenues:
Rental income	$	233,719	$	—	$	24,429	$	—	$	258,148
Resident fees and services		—		218,353		—		—		218,353
Income from loans and investments		—		—		—		7,322		7,322
Interest and other income		—		—		—		385		385

Total revenues	$	233,719	$	218,353	$	24,429	$	7,707	$	484,208


Total revenues	$	233,719	$	218,353	$	24,429	$	7,707	$	484,208
Less:
Interest and other income		—		—		—		385		385
Property-level operating expenses		—		145,736		8,326		—		154,062

Segment NOI		233,719		72,617		16,103		7,322		329,761

Loss from unconsolidated entities		—		—		—		—		—

Segment profit	$	233,719	$	72,617	$	16,103	$	7,322		329,761


Interest and other income										385
Interest expense										(87,930	)
Depreciation and amortization										(102,354	)
General, administrative and professional fees										(20,541	)
Loss on extinguishment of debt										(6,549	)
Merger-related expenses and deal costs										(6,526	)
Other										(15	)
Income tax expense										(695	)
Discontinued operations										6,597

Net income									$	112,133


	As of		As of
	June 30,		December 31,
	2011		2010
	(In thousands)
Assets:
Triple-net leased properties	$	2,429,255	$	2,474,612
Senior living operations		5,791,526		2,297,041
MOB operations		739,492		748,945
All other assets		673,760		237,423

Total assets	$	9,634,033	$	5,758,021


	For the Three Months				For the Six Months
	Ended June 30,				Ended June 30,
	2011		2010		2011		2010
	(In thousands)
Capital expenditures:
Triple-net leased properties	$	648	$	100	$	1,227	$	12,092
Senior living operations		273,639		1,494		275,604		2,893
MOB operations (1)		1,450		12,244		6,869		15,008

Total capital expenditures	$	275,737	$	13,838	$	283,700	$	29,993


	As of		As of
	June 30,		December 31,
	2011		2010
	(In thousands)
Net real estate property:
United States	$	8,154,479	$	4,857,510
Canada		426,469		422,009

Total net real estate property	$	8,580,948	$	5,279,519