Recent Senior Care M&A Deals, Week Ending August 21, 2020
The second quarter earnings announcements did not result in many deals, but some M&A transactions were still announced. Check out our recent deal chart! Long-Term Care AcquirerTargetPrice The Ensign GroupTempe Post Acute & Desert Marigold Senior Living of TempeN/A Cadence Living/Private equity group2 senior living communities in CON/A Local owner/operatorSenior care campus in KS$531,000 Owner/operatorSkilled nursing facility in... Read More »
Infinity Health Care Management Acquiring Quad Cities-Area SNF
Ray Giannini of Marcus & Millichap is close to closing the sale of a large skilled nursing facility in the Quad Cities region of Illinois and Iowa, although the process has not been easy. Featuring 245 beds and around 140,000 square feet on a 12-acre campus, the facility is owned by Rock Island County. Built in 2007, it is actually the newest in the area, but heavy competition has kept census low (below 70%). Unfortunately, the facility has also operated at quite a significant loss for some time, too. But with such a relatively new physical plant, the opportunity is there for a new owner to turn operations around. In September 2019, the facility was originally listed for $19... Read More »
Helios Healthcare Advisors Arranges ALF Partnership Buyout
Mario Wilson and Bill Janis of Helios Healthcare Advisors pulled off a successful partnership buyout of an assisted living campus in Illinois. Not only that, but the pair also arranged the acquisition financing for the deal. Built in the 2000s, the 54-unit assisted living community was relatively stabilized and reported positive cash flow. At some point early in its history, the property was purchased by the partnership, but one partner is now looking to retire. Helios was engaged to structure the sale which resulted in a transfer of stock of the operating company and a real estate asset sale for the community. Helios then arranged a fixed-rate loan with a 25-year, fully amortizing term... Read More »
Blueprint Sells Kansas SNF
A well-maintained skilled nursing facility located about 20 minutes north of Lawrence, Kansas sold for significantly below replacement cost in a deal arranged by Amy Sitzman, Giancarlo Riso and Michael Segal of Blueprint Healthcare Real Estate Advisors. Why such a low price? Other than the obvious risks of purchasing a skilled nursing facility these days, this was the only Kansas facility of the West Coast-based owner/operator. There was also upside in census, expense management and case mix at the 60-bed facility. So, Blueprint brought the deal to an owner/operator that it had worked with before and could guarantee a high degree of closing certainty. Completing the due diligence and... Read More »
Arizona Skilled Nursing Facility Closes For Highest Per-Bed Price
Amy Sitzman and Giancarlo Riso of Blueprint Healthcare Real Estate Advisors just sold a brand-new transitional care facility in Flagstaff, Arizona for the highest per-bed price seen in the state for at least five years. While the actual price was not disclosed, according to our Senior Care Acquisition Report, 25th Edition, the highest publicly disclosed price per unit for a SNF sale in Arizona was $180,100 per bed. So, we know it was at least higher than that. Developed in 2018 by Embree Asset Group, a national single-tenant development company, the facility features 50 private beds. It is also well located less than one mile from both downtown Flagstaff and the Flagstaff Medical Center,... Read More »Schedule a demo
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