Senwell Facilitates Bed Transfer Deal
Brandon Bohland and Collin Hempfling of Senwell Senior Investment Advisors facilitated the transfer of 80 adult care home bed licenses in Wake County, North Carolina. A national institutional assisted living owner/operator engaged the firm after the community suffered significant damage from a fire and ultimately closed. There was a highly competitive bid process that generated multiple strong offers from qualified buyers, with the result maximizing the seller’s exit value. After working with attorneys, regulatory bodies and stakeholders, Senwell completed the transfer of the licenses to a large regional owner/operator. Read More »Omega Invests in Saber Healthcare Joint Venture
Omega Healthcare Investors released its third quarter earnings and made some news when it disclosed the acquisition of a 49% equity interest in a joint venture with Saber Healthcare. The JV will own and lease 64 skilled nursing facilities that were previously wholly owned by affiliates of Saber, which will retain a 51% equity interest in the JV and is responsible for day-to-day operations. Omega issued approximately 5.5 million Omega OP Units with a fair value of $222.4 million in exchange for a 49% equity interest in the JV. Plus, Saber will need Omega’s approval for any investments, dispositions, financings and major capital expenditures. The 64 facilities held by the JV are subject to... Read More »
Health Systems as Sellers in Three Transactions
Cain Brothers advised on a trio of senior care transactions involving health systems as sellers, which could be a growing trend, particularly among any resource-constrained systems. Conversely, other systems may see the need to own skilled nursing beds in the future in order to control the transfer of their post-acute patients to SNFs and free up acute care beds. The first deal involved Bristol Health, a small health system in central Connecticut, selling Ingraham Manor, a skilled nursing facility in Bristol, near Hartford. Cain Brothers served as sell-side advisor on the deal, which closed on October 21. Built in 1987, Ingraham Manor has 128 beds. Bristol Health had noted there were... Read More »
Large Ohio Operator Takes on Vacant SNF Beds
Senwell Senior Investment Advisors facilitated the sale of 26 skilled nursing beds from a facility in Ohio and coordinated the repurposing of the real estate for future behavioral health services. The owners made the decision to close the facility after determining that the small size of the building prevented it from achieving the operational efficiencies and economies of scale necessary for long-term success in the long-term care industry. Patients were transitioned to the seller’s nearby facility, maintaining continuity of care. Senwell capitalized on Ohio’s limited four-year cycle for transferring beds from overbedded to underbedded counties, securing the sale of the beds to a large... Read More »
Ventas Posts Healthy Q3 With Robust Acquisition Activity
Among the earnings results trickling out this month, it will be impossible to overshadow Welltower’s announcement with $14 billion in new investment activity and another great quarter of seniors housing operating portfolio (SHOP) performance improvements. But Ventas reported healthy results, too, and some significant acquisition volume. Ventas reported attributable net income per share of $0.14, up from $0.05 a year earlier for a gain of 180%. Normalized FFO per share also jumped 10% to $0.88, compared with $0.80 in Q3:24. On the operational front, the SHOP turned in a good performance, with same-store cash NOI rising 16% year-over-year to $232.4 million, led by the U.S. portfolio with a... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
