The Palms Nursing & Rehabilitation Involved in M&A Deal Tracked in LevinPro Database
The Palms Nursing & Rehabilitation 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 5607 Everhart Rd in Corpus Christi, Texas. 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 The Palms Nursing & Rehabilitation 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 »Brookdale Palmer Ranch SNF Featured in LevinPro M&A Database
The Brookdale Palmer Ranch Skilled Nursing Facility (SNF) in Sarasota, Florida, has been prominently featured in the LevinPro M&A deal database, indicating its involvement in a merger or acquisition. This Medicare-licensed private skilled nursing facility is situated at Palmer Ranch Parkway in Sarasota, Florida, and was incorporated on September 25, 2006. LevinPro, an esteemed source in the merger and acquisition tracking domain, monitors activity spanning over a dozen healthcare sectors, including hospitals, home health services, medical real estate, and biopharmaceuticals. The Brookdale Palmer Ranch SNF transaction is featured in LevinPro’s comprehensive deal database. The database... Read More »A Recap For The Clare
When Fundamental Advisors and Senior Care Development, together with the manager Life Care Services, purchased The Clare in downtown Chicago out of bankruptcy in 2012 (then known as The Clare at Water Tower), it looked like a risky bet for some people. After all, its reputation was sullied a bit with the bankruptcy, occupancy was low, and there were still people questioning the entrance-fee model of CCRCs. As usual, hindsight is 20-20. With some changes instituted by the buyers, The Clare soon thrived, with occupancy reaching 98% to 99% with a wait list prior to the pandemic. But then census dipped by 400 to 500 basis points during COVID. Other providers should have been so lucky.... Read More »CareTrust REIT Sells Seven SNFs in Ohio
CareTrust REIT completed its sale of seven skilled nursing facilities in Ohio. Totaling approximately 600 skilled nursing beds and 100 seniors housing beds/units, the portfolio sold for $52 million, or around $72,000 per bed/unit. In connection with the sale, CareTrust’s master lease with affiliates of Trio Healthcare was terminated. The deal was the first closing of an announced plan in February 2022 to sell or re-tenant 32 properties. The remaining 25 seniors housing communities currently held for sale or re-tenanting are moving along and should be resolved in the coming months. Read More »Active Adult Acquisition Announced in Utah
Institutional Property Advisors (IPA), a division of Marcus & Millichap arranged the sale of Lakeside Village, an active adult community in West Valley City, Utah. Built in 1997, the community comprises 144 units and sits on 6.2 acres. The units consist of one- and two-bedroom residences with eight-foot ceilings, walk-in closets and private balconies or patios. Amenities include a swimming pool, hot tub, community garden and pond. Danny Shin and Brock Zylstra of IPA represented the undisclosed seller and procured the undisclosed buyer in the deal. Read More »Schedule a demo
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