Three Crowns Park Featured in LevinPro Deal Database
Three Crowns Park has been linked to a merger or acquisition in the LevinPro M&A deal database. The Medicare-licensed facility is a not-for-profit skilled nursing facility situated at 2323 Mcdaniel Ave in Evanston, IL. It was incorporated on March 24, 1978. LevinPro, which tracks M&A activity across more than a dozen healthcare sectors from hospitals and home health to medical real estate and biopharma, profiled the transaction involving Three Crowns Park in its deal database, which is available to subscribers here. LevinPro has tracked thousands of deals in the skilled nursing facility sector throughout its history. To see the underlying deal data, or for information on... Read More »
Marcus & Millichap Arranges SNF Leases
After purchasing four senior care campuses in a large portfolio deal, a seniors housing owner/operator turned to Marcus & Millichap to find new tenants for the skilled nursing portions of each newly acquired campus. Each building was losing close to $1 million annually and had struggled with occupancy and expenses. While the portfolio purchase was in escrow, the buyer, which solely focused on seniors housing operations, engaged Rob Reis and Nick Stahler of Marcus & Millichap to create a market for each nursing home portion. Despite the negative cash flow, M&M targeted aggressive lease rates and sourced three separate tenants, all regional SNF operators based in... Read More »
Dwight & Co Adds to Services and Team
Dwight & Co has expanded its seniors housing and healthcare financing solutions by launching working capital revolving lines of credit (revolvers). The company also announced a couple of new hires. The revolvers will integrate into Dwight’s existing bridge, mezzanine, and HUD healthcare lending platform, providing a comprehensive suite of financial solutions for healthcare operators. In January 2024, Dwight closed its first two revolvers and also has a strong pipeline of new business. The revolvers were structured to complement Dwight’s bridge mortgage loans. In addition, to support its originations, underwriting, capital markets, asset management and servicing areas of... Read More »
Two Members Added to Ventas Board
Ventas appointed two individuals to the company’s board of directors as a result of a new cooperation agreement with activist investor Land & Buildings. Ventas and Land & Buildings have expressed their differences throughout the last several years, however, the agreement seems to signal a ceasefire of their issues. Theodore Bigman is slated to sit on the board’s investment committee, and Joe V. Rodriguez, Jr will be on the board’s nominating, governance and corporate responsibility committee. Ventas also announced that the lead independent director for Ventas’ board of directors, Denny Shelton, is retiring. Following the appointments of Bigman and Rodriguez, the Ventas board... Read More »
John Moore Retires As Atria Management’s CEO
After 25 years running Atria Management Company, formerly Atria Senior Living, John Moore has stepped down as Chairman and CEO, but will remain on the Board as well as an advisor to help with a smooth transition. We know he had some health issues a few years ago, and we hope this is not why he decided to step down. Navigating Atria through the pandemic would have taken its toll on anyone. Stepping in as CEO is Holly Belter-Cheeser as part of a planned transition process. She has held key positions with Atria over the past 15 years, including CFO since 2020 and CAO since 2023, SVP of Business Optimization & Operations Support from 2017 to 2020 and VP of Finance from 2013 to 2017.... Read More »Schedule a demo
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