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by Ben Swett | Apr 11, 2021 11:13 pm | Acquisitions | 0 comments
Five Star Senior Living is making a complete exit from the skilled nursing sector and restructuring its portfolio to focus more on larger, lower acuity seniors housing properties. It looks like an acknowledgement of the company’s weakness, and its strengths, to focus on what it does best, at a smaller, more manageable size. Its... Read More »by Ben Swett | Apr 11, 2021 11:10 pm | Acquisitions, Financings | 0 comments
A local owner/operator purchased a small skilled nursing facility in rural Kansas with an acquisition loan in hand, secured by Alec Blanc of Monarch Advisors. An active, national SBA lender provided the financing, which totaled $721,500 and came with a 25-year, fully amortizing term. It came with an interest rate of Prime + 2.25%, and there... Read More »by Ben Swett | Apr 11, 2021 11:08 pm | Acquisitions | 0 comments
Brooks Blackmon of Blueprint Healthcare Real Estate Advisors sold a well-run senior living community in Birmingham, Alabama. The Alabama-based developer seller originally purchased the property in 2016 when it was just a small assisted living community. It has since grown to include around 55 units, the majority of which are independent... Read More »by Ben Swett | Apr 11, 2021 11:06 pm | Acquisitions | 0 comments
Daniel Morris of Plains Commercial Real Estate successfully sold a 123-bed skilled nursing facility in Fort Worth, Texas. Built in 1973, the facility was owned by a regional operator that had decided to trim its portfolio. This facility didn’t fit into its portfolio but did for another regional owner/operator, which is seeking to grow... Read More »by Ben Swett | Apr 11, 2021 11:05 pm | Acquisitions | 0 comments
Check out our recent senior care M&A deal chart. Long-Term Care AcquirerTargetPrice Standard CompaniesChesapeake Crossing$60.5 million Innovative Senior LivingWilmot Assisted Living$4.85 million Local owner/operatorMeridian Manor$7.2 million The Ensign Group3 skilled nursing... Read More »The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.