Recent Senior Care M&A Deals, Week Ending July 12, 2019
Check out our recent senior care M&A deals.
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Check out our recent senior care M&A deals. [table id=271 /] -
A large Missouri-based skilled nursing operator just increased its scale in the region with the purchase of a 136-bed skilled nursing/assisted living facility in Pacific, Missouri. Jeff Binder and Patrick[...] -
A brand-new independent living community is set to open this month in the Richmond, Virginia market to the tune of $31.6 million, or $213,500 per unit, to build. Featuring 10[...] -
Strawberry Fields REIT continues to grow its skilled nursing holdings, and did so in a big way this month, by acquiring a large 231-bed SNF in Des Plaines, Illinois. That[...]
Missouri Operator Goes for Scale in SLIB Sale
A large Missouri-based skilled nursing operator just increased its scale in the region with the purchase of a 136-bed skilled nursing/assisted living facility in Pacific, Missouri. Jeff Binder and Patrick Byrne of Senior Living Investment Brokerage facilitated the transaction, generating eight offers for the facility. Originally built in 1986, the SNF portion features 120 beds […]
Amenity-Rich Independent Living Opening in Virginia
A brand-new independent living community is set to open this month in the Richmond, Virginia market to the tune of $31.6 million, or $213,500 per unit, to build. Featuring 10 different floor plans and one- or two-bedroom unit options, the Henrico community is located adjacent to a gated active adult community, where its resident will […]
Strawberry Fields Grows in Des Plaines
Strawberry Fields REIT continues to grow its skilled nursing holdings, and did so in a big way this month, by acquiring a large 231-bed SNF in Des Plaines, Illinois. That facility has had a somewhat checkered past. Originally built in 1975, it was acquired by a Catholic not-for-profit hospital and skilled nursing provider in May […]
Invesque Procures Credit Facility from People’s United Bank
People’s United Bank’s Healthcare Finance and Capital Markets Divisions led the way in arranging an $80 million senior secured credit facility for Invesque, Inc. to refinance existing debt associated with four senior living communities in eastern Pennsylvania and southern New Jersey owned in a joint venture with Heritage Senior Living. So far this year, Invesque […]
Ohio Memory Care Community Refinances with Lancaster Pollard
Lancaster Pollard’s Brendan Healy, Doug Harper and Casey Moore helped the owner of a 64-unit memory care community in Powell, Ohio (Columbus MSA) obtain a cash-out refinance through Fannie Mae. Built in 2016 at a cost of $12.5 million, or just below $200,000 per unit, the community was developed by Eleanor Alvarez, the CEO of […]
Philly-Area CCRC Goes from Bank to Bond Debt
Facing rising short-term interest rates, a not-for-profit CCRC in the Philadelphia, Pennsylvania, market turned to Ziegler to refund its existing bank debt with a tax-exempt bond issue. The community is located on a 63-acre campus about 10 miles northwest of downtown Philadelphia in the town of Gladwyne, offering 151 independent living units, 69 IL villas, […]
Brookdale Activists On The Move
Brookdale Senior Living investor Land & Buildings has nominated Jonathan Litt and Jay Flaherty to Brookdale’s board. Still pushing for a REIT spin-off? He’s baaaack. After his 10-year stint as CEO of HCP, Inc., which included his ill-fated and ill-timed acquisition of the former HCR ManorCare, Jay Flaherty may be back in the senior care […]
Chicago Pacific Founders Acquires Again
A week after it was announced that Chicago Pacific Founders acquired a new senior living community in Conroe, Texas, the firm followed it up with another purchase, this time in Scottsdale, Arizona. Featuring 101 units of independent living and assisted living, the community will now be managed by CPF’s operating subsidiary, Grace Management. The community […]
Cooper City Community Sold to Artemis Real Estate Partners
Artemis Real Estate Partners recently acquired a 120-unit assisted living/memory care community in Cooper City, Florida (Broward County) for approximately $37.5 million, or $312,500 per unit. AEW Capital Management was the seller, having purchased the original site in 2015 for $2.5 million and developed the community in 2017. Senior Lifestyle Corporation operates the community. Artemis […]