Meridian Capital Group’s Senior Housing and Healthcare Platform, led by Ari Adlerstein and Josh Simpson, closed more than $520 million in transaction volume in July 2023. Their recent closings include a $175 million credit facility on behalf of a New York-based home health platform, which was provided by a nine-bank syndicate. Meridian’s Indrajit Pal and Matt Lesnik negotiated this transaction along with Adlerstein and Simpson. Additionally, the team sold nine skilled nursing facilities comprising 718 beds in the Midwest and arranged $66.6 million in financing from a commercial bank along with a $10 million A/R line for the acquisition.
The team also arranged a $49 million HUD refinance for a 180-bed skilled nursing facility in Maryland, and to round out their recent activity, co-brokered the sale of a Texas property consisting of 103 assisted living and 46 memory care units for $26 million, or about $175,000 per unit, with Meridian’s Sim Goldberg, who led the platform’s efforts on this transaction.
