Mid-Year Update: Senior Care M&A Valuations (Sponsored by HealthTrust)
The SeniorCare Investor presented the latest M&A and valuation statistics derived from its proprietary database, updated for the last four-quarter period, in its latest webinar, Mid-Year Update: Senior Care M&A Valuations. Panelists Colleen Blumenthal, MAI Chief Operating Officer of HealthTrust, Joel Mendes, Managing Director, JLL, Seniors Housing Capital Markets, and Josh Simpson, Managing Director of Meridian Capital Group, discussed current trends in the market, potential pitfalls to avoid in the dealmaking process and 2025 M&A strategies with moderator Ben Swett, Managing Editor of The SeniorCare Investor. Read More »
Northland Networks Funds Arkansas Acquisition
Northland Networks, which was acquired by First National of Nebraska in 2023, has closed a number of transactions so far this year, most recently arranging two acquisition loans for CCRCs in Arkansas. Both previously owned and operated by Evangelical Lutheran Good Samaritan Society, the assets were part of the not-for-profit’s exit from 15 states and consolidation of its services to the Midwest. The CCRCs are located in Hot Springs Village and Mountain Home, Arkansas, and attract higher income seniors in their respective areas. Hot Springs Village was built between 1986 and 2006 and features a combination of 90 independent living units (including six two-unit buildings and a 78-unit... Read More »
July Sparked a Surge at Senior Care Realty
Chad Wegner of Senior Care Realty experienced a busy July, closing four separate transactions involving several seniors housing assets. First, Wegner facilitated the sale of an assisted living portfolio comprising three communities. The seller was a mom & pop with an existing footprint in the state. Built in the last 20 years and all having been updated more recently, the communities each feature eight beds in Madison, Wisconsin. The residents are high-acuity, and it is mostly private pay. NOI was strong, with the seller running close to a 35% margin, putting the cap rate at around 12% to 13%. The buyer, an existing in-state owner/operator looking to expand, paid $4.3 million,... Read More »
Not-For-Profit Divests CCRC to Optalis Healthcare
Blueprint facilitated the sale of a CCRC in Grand Rapids, Michigan, on behalf of not-for-profit Samaritas. Following 50 years of providing senior care services, Samaritas has a renewed focus on creating a holistic service experience through four core areas of impact, including child and family services, behavioral health, refugee services and affordable housing. Having served the Grand Rapids and surrounding communities for over 35 years, Samaritas gradually expanded and renovated the campus since its original construction in 1977, with the most recent introduction of 24 independent living cottages between 2013 and 2015. Additionally, the 40-acre campus consists of 148 independent... Read More »
Allaire Acquires Philly SNF
After over 70 years of providing skilled nursing services in the Philadelphia area, a Catholic not-for-profit, the Ministry of Felician Franciscan Sisters, decided to divest its 176-bed skilled nursing facility with the help of Justin Knapp and the East Coast team of the Knapp-Stahler Group at Marcus & Millichap. St. Ignatius Nursing & Rehab Center was built in 1952 and features all dually certified beds across 96,000 square feet. Occupancy was above 70%, and the overall operations and cash flow could be improved. As part of their strategic initiatives, leadership at St. Ignatius elected to pursue a sale with an experienced and growing operator. The Knapp-Stahler Group procured... Read More »Schedule a demo
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