Recent Senior Care M&A Deals, Week Ending October 18, 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=284 /] -
On October 15th, subscribers to The SeniorCare Investor and members of the American Seniors Housing Association (ASHA) met at the Duane Morris offices in New York City to discuss a[...] -
A Northeast owner/operator entered the Kentucky skilled nursing market with their purchase of an 85-bed facility about ten miles north of Lexington. As they enter the state, the seller, a[...] -
A couple of struggling skilled nursing facilities in Arizona got a new lease on life. By that, we mean that their publicly traded REIT owner found a new operator to[...]
Preparing for the Future of Seniors Housing
On October 15th, subscribers to The SeniorCare Investor and members of the American Seniors Housing Association (ASHA) met at the Duane Morris offices in New York City to discuss a topic relevant to many of our readers: the future of the seniors housing market in the 2020s and beyond. Where do you begin on a […]
SLIB Closes Kentucky Value-Add Sale
A Northeast owner/operator entered the Kentucky skilled nursing market with their purchase of an 85-bed facility about ten miles north of Lexington. As they enter the state, the seller, a local owner/operator, is looking to exit the SNF industry altogether. It’s a complicated business, and getting more complex to manage by the day, so exits […]
REIT Finds New Tenant for Two Arizona SNFs
A couple of struggling skilled nursing facilities in Arizona got a new lease on life. By that, we mean that their publicly traded REIT owner found a new operator to manage them under a long-term lease. Amy Sitzman, Christopher Hyldahl and Gideon Orion of Blueprint Healthcare Real Estate Advisors handled the transaction. These facilities are […]
Genesis HealthCare Continues Restructuring
Genesis HealthCare announced additional changes to its capital structure and leased interests in skilled nursing facilities, all for the better. Genesis has partnered with a private investor to purchase 18 nursing facilities previously leased from Welltower and Second Spring Healthcare Investments. Genesis will have a 30% equity stake in these 18 facilities, and lease them […]
Meridian-Operated California Community Gets a New Owner
Three years after acquiring a struggling assisted living/memory care community in Rancho Cucamonga, California, a Chicago-based private equity group is exiting the asset, and leaving the community in better shape. Originally built in 2002, the 86-unit community features 62 assisted living and 24 memory care units across four free-standing buildings. Occupancy was a solid 86%, […]
SLIB Sells Small Rochester SNF
Dave Balow and Patrick Byrne of Senior Living Investment Brokerage closed the sale of a small (and we mean very small) skilled nursing facility in Rochester, New York. Featuring just 28 beds, the facility has maintained a strong reputation in the community and boasts strong occupancy at 93%, with a quality mix of 38%. Those […]
Live Oak Bank Reports Lively Quarter
Live Oak Bank was hard at work in the third quarter, closing three loans on behalf of senior care clients across the country. First, on behalf of a joint venture between Smith/Packett and RSF Partners, the lender closed a $6.2 million commitment for a conventional refinance of a 136-bed skilled nursing facility in Parksley, Virginia […]
Lancaster Pollard Continues Its HUD Lean Activity
Fresh off a frankly unbelievable year in the HUD LEAN program, with over $903 million in closings across 78 transactions, Lancaster Pollard wasted no time in arranging a refinance for a pair of Oregon senior care facilities. Jason Dopoulos led the way on the transaction on behalf of the borrower, Sapphire Health Services. The $15.2 […]
Assisted Living M&A Market
Despite many headwinds, the assisted living acquisition market remains vibrant with high prices and no shortage of buyers. Find out how they are dealing with the issues of aging properties, census and labor in this dynamic webinar. Prices paid in the assisted living M&A market remain high, despite census, labor and demand headwinds. Obviously, low […]