Recent Senior Care M&A Deals, Week Ending September 4, 2020
August had just 20 publicly announced senior care transactions, and the start of September was also slow. Here are the recent deals. Long-Term Care AcquirerTargetPrice AZ-based owner/operator2 assisted living/memory care communities in CON/A O&M InvestmentsVilla Toscana at Cypress Woods$5.3 million FL-based owner/operatorInsignia of Towne Lake$2.9... Read More »
O&M Investments Makes Two SNF Acquisitions in Texas
A skilled nursing facility in an affluent Houston, Texas suburb found a new owner thanks to expertise of Adam Heavenrich of Heavenrich & Company. Built in 2009 on an 80-acre medical campus that is anchored by the Kelsey Seybold Clinic, the facility features 120 beds. Owned by a publicly traded REIT and operated by StoneGate Senior Living, it was around 76% occupied at the time of the sale. The property was well maintained, which a new owner could use to boost census and value. Heavenrich & Company received multiple bids on the facility and ultimately selected O&M Investments, a private equity firm led by Nick Martinez and Todd Okum. The purchase price came to $5.3 million, or... Read More »
SLIB Closes Georgia Assisted Living Sale
At the start of September, Senior Living Investment Brokerage’s Brad Clousing and Patrick Byrne closed the sale of an assisted living community in Woodstock, Georgia. The pair also assisted the buyer in assuming attractive HUD debt on the property with a 2.62% interest rate. We’re sure that motivated the buyer to get the deal done. Originally built in 1996, this community features 33 assisted living units and has historically been well occupied since then. Census dipped in recent months but shot back up to 95% right before close. In the last 12 months, the community brought in nearly $90,000 in EBITDAR on nearly $1.1 million of revenues, so that 8% margin could be improved. It is well... Read More »
What About the MOB M&A Market?
With seniors housing and care transactions slowing to a crawl in light of the COVID-19 pandemic, let’s check in on another healthcare real estate sector that has not seen the same decline. Medical office building (MOB) transactions have been flowing steadily throughout the third quarter, with 11 deals on the books so far according to our M&A database Deal Search Online. Most deals are focused on facilities in the Southeastern region of the United States, such as Alabama, North and South Carolina, and Georgia, and the buyers are a mix of REITs, private real estate investment firms, and developers. So far in the third quarter, over 376,000 square feet of MOBs have been sold, with... Read More »
Recent Senior Care M&A Deals, Week Ending August 28, 2020
The senior care M&A market slowed a bit later in August, but a few deals did get announced. Check them out below. Long-Term Care AcquirerTargetPrice Northern Horizon CapitalCare home in Denmark$35.4 million Orlando Neighborhood Improvement CorporationBaptist TerraceN/A Private owner/operatorAssisted living/memory care community in Cleveland,... Read More »Schedule a demo
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