by Steph Mallozzi | Jun 6, 2024 3:34 pm | Acquisitions
Senior Living Investment Brokerage was engaged by SunLink Health Systems in its divestment of a skilled nursing facility in Houston, Mississippi. Built in 1969, the facility, Trace Extended Care & Rehab, features 66 beds in 50 units. SunLink sold this facility and... Read More »
by Steph Mallozzi | Jun 6, 2024 3:32 pm | Financings
John Knox Village is a large not-for-profit single-site provider of senior living services headquartered in Lee’s Summit, Missouri. JKV owns/operates a life plan community which, as of December 31, 2023, consisted of 948 marketable independent living units ranging... Read More »
by Steph Mallozzi | Jun 5, 2024 8:42 am | Acquisitions
CareTrust REIT funded $90 million of a senior mortgage loan in connection with the borrower’s acquisition of a eight-facility skilled nursing portfolio in the southeastern United States. The portfolio, comprising 1,011 skilled nursing beds and 150 assisted living... Read More »
by Steph Mallozzi | Jun 5, 2024 8:41 am | Acquisitions
The Ensign Group acquired the real estate and operations of Wellsprings of Gilbert, a 32-bed skilled nursing facility in Gilbert, Arizona. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc. In a separate transaction, Ensign acquired... Read More »
by Steph Mallozzi | Jun 4, 2024 4:41 pm | 60 Seconds, Opinion
We conducted a survey of our readers, asking some questions on the skilled nursing M&A market. Most of the results will be featured in the June issue of The SeniorCare Investor, released later this week, but here are a couple of takeaways from it. First, we asked... Read More »