Ikaria Formalizing CareTrust REIT Relationship
Newly formed Ikaria Capital Group is formalizing an arrangement with CareTrust REIT to provide capital to the seniors housing and nursing home sector. The Ikaria team, which is led by White Oak Healthcare Partners alums Jason Dopoulos and Ken Gould, has worked with CareTrust on several debt transactions since 2022, and this marks a continuation of that relationship. The Ikaria team will also continue to provide debt origination, underwriting, and asset management services. CareTrust’s investment priority will still be on acquiring real estate through accretive transactions but will look to add to its debt investments, which can offer attractive yields. The REIT closed approximately... Read More »
Grace Management’s Recent Updates
Grace Management, which currently operates 70 communities in 22 states, announced the promotion of Brian Storey to President, effective March 1. This transition follows the company’s leadership succession plan, as Storey steps into the role previously held by Guy Geller, who was promoted to Chief Executive Officer on January 1. As part of the structured transition, Michal Penek has been promoted to Senior Vice President of Operations to backfill Storey’s previous role. Storey joined Grace Management in 2015 and has held key roles across every level of the organization throughout his tenure, demonstrating leadership in operations, strategic development, transitions, turnaround execution and... Read More »
Ikaria Capital Group Launches
Ikaria Capital Group, led by Jason Dopoulos and Ken Gould who were formerly with White Oak Healthcare Partners and Lancaster Pollard, announced its launch. Headquartered in Cleveland, Ohio, Ikaria specializes in financing skilled nursing and seniors housing communities. Ikaria brings more than 100 years of collective experience in financing, structuring, underwriting, servicing and asset-managing bridge and FHA/HUD loans. Ikaria’s platform specializes in debt solutions, including bridges for acquisitions, recapitalizations, refinances and construction, permanent (long-term) debt structures, FHA/HUD loans and working capital lines for skilled nursing, hospitals and other healthcare... Read More »Beaver Valley Hospital “Owns” 37 Skilled Nursing Facilities in Utah
Beaver Valley Hospital, a city-owned critical access hospital, has established itself as the largest operator of skilled nursing facilities in Utah, according to the latest Centers for Medicare & Medicaid Services (CMS) data. Market Position Analysis of the most recent CMS data reveals that Beaver Valley Hospital operates 37 skilled nursing facilities across Utah, making it the state’s largest skilled nursing facility owner. In the state of Utah, it is common for hospitals to contract with skilled nursing facilities to be their licensed operator (on paper) despite not owning the real estate associated with the facility. Beaver Valley Hospital has one of those arrangements.... Read More »Spartan Healthcare Emerges as Minnesota’s Largest Skilled Nursing Operator
Spartan Healthcare LLC has established itself as the dominant skilled nursing facility operator in Minnesota, controlling 45 facilities across the state according to the most recent CMS data. This positions the company as the largest skilled nursing operator in Minnesota, narrowly outpacing competitors Yazoma Holdings, LLC and NIJ LLC, which each operate 44 facilities. Portfolio Concentration The company’s portfolio is exclusively concentrated in Minnesota’s skilled nursing sector, with no facilities in other states or healthcare segments. This strategic focus has allowed Spartan Healthcare to develop specialized expertise in Minnesota’s regulatory environment. Ownership... Read More »Schedule a demo
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