JCH Sells Central California Senior Living Community
Jim Hazzard, Cindy Hazzard and Nick Stahler of JCH Senior Housing Investment Brokerage teamed up to sell a boutique assisted living/memory care community located on the central coast of California. Featuring over 20 units, the community was previously owned by a family owner/operator. But after a confidential marketing campaign conducted by JCH, a local owner bought the community for an undisclosed price. Read More »
Recent Senior Care M&A Deals, Week Ending August 16, 2019
Check out our recent senior care M&A deals. Long-Term Care AcquirerTargetPrice The Ensign GroupSurprise Health and Rehabilitation CenterN/A Local owner4 Alabama assisted living communitiesN/A Private investor3 IL skilled nursing... Read More »
Blueprint’s Good Samaritan Sale
The Evangelical Lutheran Good Samaritan Society, a not-for-profit owner/operator, sold three of its skilled nursing campuses in northwest Illinois, near the Iowa border. Totaling 214 skilled nursing beds and 65 independent living/senior apartment units, the portfolio was well maintained and boasted good local reputations. The buyer will look to manage expenses and boost operational synergies to improve their performance. Plus, the new operator, Allure Healthcare Services, has plenty of experience with rural skilled nursing facilities in the area, which should certainly help. Amy Sitzman and Michael Segal of Blueprint Healthcare Real Estate Advisors handled the transaction on behalf of Good... Read More »
Ensign Expands Again in Arizona
Serial acquirer The Ensign Group just announced its 10th senior care acquisition of the year, and 20th since the start of 2018. Its latest target was a 100-bed skilled nursing facility in Surprise, Arizona. Newly built, the facility is the seventh added to Ensign’s Arizona portfolio since 2018 and its 31st overall health care property in the state. As usual for Ensign’s Arizona acquisitions, its affiliate Bandera Healthcare will take over operations at the facility. Ensign also acquired the real estate, furthering its goal to own more of the real estate in its portfolio. Read More »
