• Healthcare REIT Divests SNF to In-Place Operating Partner

    Senior Living Investment Brokerage returned to West Des Moines, Iowa, to sell a skilled nursing facility that it had previously sold in 2019. A healthcare REIT was the buyer back then and is now selling the facility to its in-place regional operating partner. Built in 2004, Arbor Springs features 56 beds on an attractive four-acre campus about 10... Read More »
  • Near-Stabilized AL/MC Community Lands Refinance

    Carnegie Capital closed a bridge refinance for a 50-unit assisted living/memory care community in the Houston, Texas MSA. Four years ago, the property was bought by a California-based operator with a growing footprint in Texas. Performance was approximately two to three months from stabilization, but with the acquisition loan maturity looming, a... Read More »
  • Record-Setting HUD Express Lane Application to Commitment

    Cambridge Realty Capital provided a $6.15 million loan to refinance Avalon Memory Care Keller, a 50-bed stand-alone memory care community in Keller, Texas (Dallas-Fort Worth MSA). The fully amortized, 35-year HUD loan was provided for the owner, a Texas limited liability company, that wished to recast bank debt into a long-term non-recourse... Read More »
  • Large Healthcare Owner Receives Financing

    An owner of more than 80 healthcare properties spanning nine states secured bridge and working capital financing for its skilled nursing portfolio in Washington. The financing includes a $40 million bridge loan and a $6 million working capital line of credit, with a 36-month initial term. MONTICELLOAM provided the funding. Read More »
  • Out-of-State Owner Divests to Investor

    A couple of assisted living and memory care communities in Eastern Tennessee recently traded hands. The two properties comprise more than 100 units. A Chicago-based investor aligned with the seller’s long-term vision for the communities acquired the assets, and partnered with a regional operator that was looking to grow their presence in the... Read More »

Somerfield at the Heritage Linked to Merger or Acquisition in LevinPro Database

Somerfield at the Heritage has been linked to a merger or acquisition in the LevinPro M&A deal database. The Medicare-licensed facility is a private skilled nursing facility situated at 900 Heritage Way in Brentwood, Tennessee. It was incorporated on October 30, 2002. 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 Somerfield at the Heritage 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... Read More »

The Heights of Summerlin Tied to M&A Activity in LevinPro Database

The Heights of Summerlin has been linked to a merger or acquisition in the LevinPro M&A deal database. The Medicare-licensed facility is a private skilled nursing facility situated at 10550 Park Run Drive in Las Vegas, Nevada. It was incorporated on June 13, 2004. 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 Heights of Summerlin 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... Read More »

Tabitha Nursing Home’s Potential Merger or Acquisition Featured in LevinPro Database

Tabitha Nursing Home 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 4720 Randolph St in Lincoln, Nebraska. 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 Tabitha Nursing Home 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 subscription options, go to... Read More »
NHC Responds to NHI

NHC Responds to NHI

National Healthcare Corporation, the tenant of 32 of National Health Investor’s skilled nursing/senior care facilities and three independent living communities, is disputing NHI’s determination of default after the landlord formally notified the operator that it was in default and must cure the default within 30 days to avoid an Event of Default.   NHI notified NHC on July 29 that it was not in compliance with four non-monetary provisions of the master lease and requested it come into compliance by August 29. On August 15, the tenant responded to the landlord stating it believes it was in compliance and requests clarifying information to address alleged potential... Read More »
PACS Gets Trading Period Extension

PACS Gets Trading Period Extension

PACS Group is trying to right the ship as it works to restate its prior financial statements amid an investigation into its Medicare billing practices, and return to providing regular quarterly earnings statements. The New York Stock Exchange Listing Operations Committee did agree to provide PACS with an additional trading period through November 19, 2025, subject to its own ongoing review of the company. PACS is currently working to complete the previously announced restatement of its financial statements for the three months ended March 31, 2024, and the three and six months ended June 30, 2024. It has not submitted earnings reports since the second quarter of 2024.  PACS provided a... Read More »

Temple View Transitional Care Center Linked to Merger or Acquisition in LevinPro Database

Temple View Transitional Care Center, a Medicare-licensed facility, has been linked to a merger or acquisition in the LevinPro M&A deal database. Situated at 660 S 2nd W in Rexburg, Idaho, this private skilled nursing facility was incorporated on May 14, 2019. LevinPro, known for tracking M&A activity across more than a dozen healthcare sectors including hospitals, home health, medical real estate and biopharma, has profiled the transaction involving Temple View Transitional Care Center. The comprehensive deal database is exclusively available to subscribers here. Throughout its history, LevinPro has meticulously tracked thousands of deals in the skilled nursing facility sector.... Read More »