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Senior Care Stocks Stay High After Vaccine News
by Ben Swett | Nov 20, 2020 4:45 pm | Opinion | 0 comments
After Pfizer’s vaccine announcement on November 9, pretty much every publicly traded senior care provider and REIT saw their share prices jump significantly. We believe that much of the exuberance was mainly from the removal of uncertainty surrounding both the vaccine and the election, but as we said earlier this month, it is not like... Read More »CareTrust REIT Adds Skilled Nursing Portfolio
by Ben Swett | Nov 20, 2020 4:42 pm | Acquisitions | 0 comments
The skilled nursing portfolio deals keep on coming, this time from a familiar source. CareTrust REIT announced its acquisition of four skilled nursing facilities in Texas, around the Dallas-Fort Worth metro area. Totaling 554 skilled nursing beds and 24 assisted living beds, they are currently leased to operating affiliates of The Ensign Group,... Read More »CIBC Finances New Jersey SNF Acquisition
by Ben Swett | Nov 20, 2020 4:40 pm | Acquisitions, Financings | 0 comments
There was another acquisition financing closed by CIBC Bank USA, following the bank’s funding of an Indiana skilled nursing portfolio acquisition and cash-out refinance of a SNF in eastern Kentucky earlier this month. The recent transaction was arranged for a 55-bed skilled nursing facility in northeastern New Jersey.... Read More »Benchmark Senior Living Acquires New Hampshire Seacoast Senior Living
by Ben Swett | Nov 20, 2020 4:39 pm | Acquisitions | 0 comments
Benchmark Senior Living added to its Northeast portfolio with the acquisition of an assisted living community that has been in operation in Rye, New Hampshire for over 20 years. The property last sold in 2017, when EvoLve Senior Living acquired it for $12 million, or $300,000 per unit, with the help of a $10 million mortgage provided by National... Read More »Recent Senior Care M&A Deals, Week Ending November 20, 2020
by Ben Swett | Nov 20, 2020 4:35 pm | Acquisitions | 0 comments
Another week, another couple of skilled nursing portfolio deals (plus a few others). Check out our recent senior care M&A deal chart! Long-Term Care AcquirerTargetPrice CareTrust REIT4 skilled nursing facilities in TX$47.6 million Priority Healthcare Group5 skilled nursing facilities in VT$46.6 million United Church Homes,... Read More »
