About Ben Swett

Articles Written by Ben Swett

The Ensign Group funds its future

by | Feb 10, 2016 8:31 am | Financings

Already one of the more prolific buyers in the healthcare M&A market with 23 transactions in 2015 across the Long-Term Care, Home Health Care and “Other Services” sectors, The Ensign Group is positioning itself for another big year in M&A and increased its... Read More »

Build it and sell it

by | Feb 10, 2016 8:30 am | Acquisitions, Developments

Carmel, Indiana-based seniors housing developer Leo Brown Group sold two of its recently completed Indiana communities to an undisclosed private equity investment fund for $44.8 million, or $240,591 per unit. The price is a step up from a previous transaction from Leo... Read More »
Soft landing for SNF

Soft landing for SNF

by | Feb 9, 2016 9:12 pm | Acquisitions

A not-for-profit owner/operator of skilled nursing and senior care facilities in New Jersey recently acquired a 120-bed facility in Somerset for $12 million, or $100,000 per bed. The buyer, Francis E. Parker Memorial Home Inc., already owns and operates three other... Read More »

Big bucks back for SNFs

by | Feb 5, 2016 8:31 am | Acquisitions

After a month during which we saw no publicly announced skilled nursing acquisition valued higher than $63,000 per bed (well below the average price of $79,900 per bed in the 12 months ending September 30, 2015), here comes two announced in quick succession early this... Read More »

Refinancing with a TIF

by | Feb 5, 2016 8:30 am | Financings

When a 57-unit senior living community in Princeton, Minnesota looked to refinance their debt through HUD, but had an existing TIF (Tax Increment Financing) bank loan, which can be incompatible with HUD financing, the borrowers turned to Lancaster Pollard for a... Read More »