Capital Senior Ventures Acquires Final Kindred Skilled Nursing Facility
Capital Senior Ventures made a bet on the Las Vegas skilled nursing market, acquiring a state-of-the-art skilled nursing facility in the city for an undisclosed price. Built in 2015, the facility is the last SNF owned by Kindred Healthcare. It consists of 160 beds, including 118 private and 21 semiprivate rooms. In addition to there being private showers in all patient bathrooms, there were some units with bariatric lifts as well. Other amenities include multiple dining areas, a movie theater, four therapy gyms, outdoor courtyards and a transitional home therapy suite. Sounds like a Marriott we would want to move into. Plus, the facility is ideally located next to Spring Valley Medical... Read More »
Oxford Living Acquires Another Ontario Portfolio
Institutional investment and development firm Oxford Capital Group, together with its joint venture partner, has made a large investment in the Canadian seniors housing sector, acquiring a portfolio of six private pay communities located throughout Ontario. These communities provide both independent living and supportive living services throughout the 645 total units. They are located in Toronto, Fort Erie, Niagara Falls, Kitchener and Guelph, and join Oxford’s nine other communities in Ontario (all acquired in just the last nine months). Oxford made the acquisition through its affiliate Oxford Living in a joint venture with New York-based insurance and investment firm, Starr Insurance... Read More »
Juniper Communities Shifts Focus from Florida
Juniper Communities has completely exited the state of Florida, with Bradley Clousing and Jeff Binder of Senior Living Investment Brokerage facilitating the final sale. With the transaction, the assisted living/memory care provider will now focus on its established Northeast and Colorado markets, where it has eight communities in Pennsylvania, two in New Jersey and five in the Centennial State. The Naples community was originally built in 2000, which in the heavily developed southwestern Florida market is certainly on the older side. Age isn’t everything, but it does usually affect the rents you can charge, which has a cascading effect if any fixed or variable costs were to suddenly shoot... Read More »
Recent Senior Care M&A Deals, Week Ending October 4, 2019
Check out our recent senior care M&A transactions! Long-Term Care AcquirerTargetPrice Cascade Capital GroupHealthquest portfolio$10.5 million New Jersey-based family businessThe Place at Pooler$7.35 million North Carolina-based regional owner/operatorThe Waterford in Hermitage,$20.05 million Regional ownerChristian Horizons portfolio$20... Read More »
Cascade Capital Group Sizing Up South Dakota SNF Market
Cascade Capital Group clearly sees something in the South Dakota skilled nursing market, following up on its acquisition of 16 Skyline skilled nursing facilities in the state with the purchase of two SNFs and an assisted living community in Huron and Sioux Falls. Previously owned by a publicly traded REIT, this portfolio features a combined 322 skilled nursing beds and 55 assisted living beds. Two of the properties, the 163-bed SNF and the 55-bed AL community are located on the same campus in Huron, while the Sioux Falls facility is licensed for 159 SN beds. Their owner deemed the facilities to be non-core. Certainly, the properties were on the older side, having been built in the 1960s,... Read More »Schedule a demo
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