by Steve Monroe | Aug 31, 2018 7:00 am | Acquisitions
Chicago Pacific Founders just made its fifth acquisition of the year (all since the start of April), after just three (disclosed) deals in both 2017 and 2016. The newest addition is an independent/assisted living community located in Sterling Heights, Michigan... Read More »
by Steve Monroe | Aug 30, 2018 3:25 pm | Acquisitions
Last month we wrote of the sale of a Chattanooga, Tennessee independent living community to a joint venture between Atlas Senior Living and Veritas Senior Living. Now, we can report that Richard Lynn of Marcus & Millichap represented both the buyer and the seller... Read More »
by Steve Monroe | Aug 29, 2018 7:01 am | 60 Seconds, Opinion, Statistics
Over the last seven years, August has averaged just 25 acquisitions. We are already 50% above that, and still counting. As the dog days of August come to an end, is there anyone still working away before Labor Day? I have to say, the healthcare M&A market has been... Read More »
by Steve Monroe | Aug 29, 2018 7:00 am | Financings
Shunning any summer doldrums, BMO Harris Bank’s Healthcare Real Estate Finance group announced two loan closings in the last week, on the back of a $200 million facility it closed on behalf of Kayne Anderson Real Estate Advisors and Watermark Retirement Communities... Read More »
by Steve Monroe | Aug 28, 2018 3:52 pm | Developments, Financings
Usually we hear of counties selling their unprofitable skilled nursing facilities, but not this time. A county in Pennsylvania is building a brand-new facility to replace its existing 80-year old SNF, with the help of a $34 million loan from the USDA. Located in... Read More »