Recent Senior Care M&A Deals, Week Ending March 13, 2020
Check out our recent senior care M&A deals! Long-Term Care AcquirerTargetPrice O&M InvestmentsSkilled nursing facility in Handford, CAN/A Not disclosed7 skilled nursing facilities$17.53 million BRIDGE HousingPaloma Del Mar... Read More »
O&M Investments Acquires California Skilled Nursing Facility
Following a busy 2019 with five announced acquisitions, O&M Investments just announced its third off-market transaction of 2020. The deal included a 124-bed skilled nursing facility in Hanford, California, which was acquired at a 12% cap rate (although no purchase price was disclosed). The facility underwent a full remodel three years ago, and occupancy consistently hovered around 90% across its 91 operational beds. O&M assumed the existing lease with the operator. Read More »
Senior Living Investment Brokerage Sells Illinois Portfolio
It’s not always easy to get a senior care deal done in Illinois. But Patrick Byrne and Jeff Binder of Senior Living Investment Brokerage took the challenge and sold a portfolio of three skilled nursing facilities and two assisted living communities in the central and southern part of the state. Built between 1976 and 2004, with various capital improvements made in 2011, 2014 and 2016-2018, these properties are located within 100 miles of each other. The SNFs total 286 beds, while the AL buildings combined for 97 units, with an overall average occupancy of 79%. Operations at the skilled nursing facilities had been very stable in the last three years, averaging $2.8 million in annual... Read More »
Recent Senior Care M&A Deals, Week Ending March 6, 2020
Check out our recent senior care M&A deals! Long-Term Care AcquirerTargetPrice Small regional owner/operatorGreenfield Residences of Arlington$12.45 million Hospitality real estate ownerCitadel Estates of Hazel Crest$1.7 million Regional owner/operatorPowell Valley Assisted Living and Memory Care Community$25.5 million The Ensign GroupRidgeview Post Acute & Irondale Post AcuteN/A MO-based owner/operatorSt. Paul’s Senior Community$15.25... Read More »
