by Steve Monroe | Sep 12, 2019 9:22 am | Acquisitions
Allen McMurtry, David Kliewer and Paul Carr of Cushman & Wakefield sold a 78-bed stand-alone memory care community on Florida’s east coast for $19.5 million, or $250,000 per bed. The community originally opened with 66 MC beds in 2015 and then recently added 12... Read More »
by Steve Monroe | Sep 11, 2019 6:03 am | 60 Seconds, Opinion
As more than 3,000 people descend on NIC in Chicago this week, we hope talk will also focus on operations and ideas and not just investments. Good luck with that one. If you can believe it, this is my 29th consecutive Fall NIC Conference. There may be 15 of us who can... Read More »
by Steve Monroe | Sep 9, 2019 6:01 am | Acquisitions
Check out our recent senior care M&A deals. Long-Term Care AcquirerTargetPrice Westmont LivingAltavita Village$58 million The Ensign Group, Inc.Temple View Transitional Care CenterN/A New York owner/operatorSundance Inn Health Center & Park Valley Inn Health... Read More »
by Steve Monroe | Sep 9, 2019 6:00 am | Acquisitions
Allen McMurtry and David Kliewer of Cushman & Wakefield’s Tampa office sold The Barrington of Carmel, a 267-unit CCRC just outside of Indianapolis, Indiana, for $61 million, or $228,500 per unit/bed. The Type A entrance-fee community has 137 independent living... Read More »
by Steve Monroe | Sep 4, 2019 6:02 am | 60 Seconds, Opinion
Instead of nursing facilities, a New York Times article goes after assisted living. As many of you are aware by now, there was a not too complimentary op-ed article last Sunday in the New York Times called “How Not to Grow Old in America.” The bottom line, according... Read More »