by Steve Monroe | Nov 29, 2018 3:09 pm | Acquisitions
Jim Baranello of The Prestige Group took his talents to Erie County, Pennsylvania where he sold a 37-bed assisted living/personal care community. The transaction included an adjacent parcel for an expansion/renovation project. All in, the property sold for a 16% cap... Read More »
by Steve Monroe | Nov 28, 2018 7:02 am | 60 Seconds, Opinion
A scathing article from The Washington Post discloses quality problems at HCR ManorCare before its sale to Welltower and ProMedica Health System. For those of you who missed the Thanksgiving weekend article from the Washington Post about poor care at HCR ManorCare’s... Read More »
by Steve Monroe | Nov 28, 2018 7:00 am | Financings
Less than a year after opening its luxury independent living community in Colorado Springs, Colorado, The Wolff Company turned to Nicole Brickhouse and Leon McBroom of HFF to refinance its existing construction debt with a $31 million floating-rate bridge loan. This... Read More »
by Steve Monroe | Nov 27, 2018 4:05 pm | Statistics
Despite numerous headwinds, an aging supply and decreasing national census, skilled nursing facility prices stayed remarkably steady in the past four quarters. In the 12 months ended September 30, 2018, we recorded an average price of $81,900 per bed for skilled... Read More »
by Steve Monroe | Nov 26, 2018 3:42 pm | Acquisitions
Check out our recent senior care M&A deals! Long-Term Care AcquirerTargetPrice Crown Healthcare GroupVilla Springfield$6.3 million Care Partners Management GroupMaplewood Gardens$10.75 million Target Healthcare REIT LimitedParris Lawn$17.63... Read More »