Recent Senior Care M&A Deals, Week Ending December 6, 2019
Check out our recent senior care M&A transactions!
Acquisitions
Stay up-to-date on skilled nursing and assisted living businesses, retirement communities, REITs and home health care with The SeniorCare Investor newsletter. For over 50 years, The SeniorCare Investor has been tracking mergers, acquisitions, equity & debt financings, bankruptcies and corporate shake-ups in the senior care market.
SLIB Sells Atrium Health Portfolio
Ryan Saul and Jason Punzel of Senior Living Investment Brokerage sold a portfolio of four skilled nursing facilities and three assisted living communities in Wisconsin that were placed into receivership in September 2018 when their for-profit owner/operator, Atrium Health and Senior Living, was unable to fulfill its financial obligations. SLIB was hired by a Wisconsin-based […]
Watermark Retirement Communities and JV Partner Acquire Two Assets
The joint venture between Titan Development and EverWest Real Estate Investors decided to sell two of its “Élan” assets in the Southwest. Each property features 77 assisted living and 36 memory care units, for a total of 220 units with 226 beds. The Austin, Texas property opened in late 2016, and just after, the Albuquerque […]
Assisted Community Sells on Maryland’s Eastern Shore
Bob Gaines of Colliers International headed to Maryland’s Eastern Shore to sell a 32-bed assisted living/memory care community. Located in the upscale 55+ beach community of Ocean Pines, which features amenities like an 18-hole golf course, two marinas, five swimming pools, a yacht club, country club, tennis club, hiking trails and, of course, beach access, […]
Two More Tennessee Transactions From SLIB
After acquiring two skilled nursing facilities in Tennessee as part of a larger portfolio deal, a regional real estate owner, who focuses more on the CCRC market, decided to divest the properties with the help of Ryan Saul, Daniel Geraghty and Brad Clousing of Senior Living Investment Brokerage. Located about 60 miles southwest of Nashville, […]
Ensign Expands in North Texas
The Ensign Group grew its skilled nursing portfolio by five facilities in two separate transactions, bringing its total holdings to 213 skilled nursing properties in 13 states. The larger transaction consisted of the operations of four facilities in North Texas that will be subject to long-term, triple-net leases and purchase options following year-five of the […]
Reis Helps California Assisted Living Owner Exit the Business
Rob Reis of Marcus & Millichap recently sold a 45-unit assisted living community in Modesto, California, representing the single-asset owner/operator who was looking to exit the business. The seller developed the property in the 1980s, and has operated it ever since. Occupancy was 84%, and it was bringing in nearly $385,000 in NOI on approximately […]
Dwight Capital Refinances Large New Jersey SNF
A skilled nursing facility in Cherry Hill, New Jersey (Philadelphia MSA) with a wide variety of service offerings, just refinanced through HUD with the help of Dwight Capital. Built in phases from 1986 to 2002, it now totals 246 beds with five distinct units, including a 40-unit behavioral management unit, a 20-bed ventilator care unit, […]
Recent Senior Care M&A Deals, Week Ending November 29, 2019
Check out our recent senior care M&A deals!
Distressed CCRC Sells Near Philadelphia
A distressed rental CCRC in a Philadelphia suburb just (hopefully) secured a brighter future, changing hands to a new regional owner. Steve Thomes, Michael Segal and Dan Mahoney of Blueprint Healthcare Real Estate Advisors handled the sale on behalf of a court-appointed receiver. Sitting on a 12-acre campus in an affluent area, the community features […]