The Pennant Group is The Ensign Group‘s latest spin off. If history repeats itself, the new company will succeed. It has been three weeks since The Pennant Group was spun out of The Ensign Group as a separate publicly traded company. This is not Ensign’s first rodeo when it comes to successful spin outs. Five […]
They just couldn’t get away for long. After exiting the seniors housing space earlier this year, an Alabama-based family owner/operator got back in the game with the purchase of an independent/assisted living community in the state. Brooks Blackmon of Blueprint Healthcare Real Estate Advisors facilitated both their exit (with help from Ben Firestone) and reentry. […]
A joint venture between Sino-Ocean Capital and Meridian Senior Living engaged Capital One to serve as administrative agent for a large multi-purpose financing package. The $108.9 million loan will be used to both finance the purchase of two seniors housing communities in Florida and refinance a previous Capital One loan that the JV used to […]
Capital Funding, LLC financed the acquisition of a skilled nursing facility in New Jersey, and they expect the transaction to come full circle with a HUD refinance in a few years. That business has been good to them, as Capital Funding is coming off 33 transactions and nearly $395 million in volume in HUD’s most […]
Check out our recent senior care M&A deals!
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 […]
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 […]
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 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 […]
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%, […]