About Ben Swett

Articles Written by Ben Swett

Turn around…again

Turn around…again

by | Feb 11, 2016 9:09 pm | Acquisitions

When Platinum Healthcare purchased a 197-unit CCRC in Cincinnati, Ohio in September 2014 for $3 million, the community had already posted a $1.5 million loss on $5.9 million of revenues in 2013. This was even after the previous owner, Deaconess Long-Term Care,... Read More »

Senior Care and REIT Stocks Collapse

by | Feb 10, 2016 8:32 am | 60 Seconds, Opinion

Brookdale Senior Living and HCP, Inc. were the first to report on fourth quarter earnings, and investors did not like what they heard. I really don’t know what to say about the news that came out yesterday, other than it had a disastrous impact on the market.... Read More »

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 »