The Springs Healthcare Center at the Carlotta Linked to Merger in LevinPro Database
The Springs Healthcare Center at the Carlotta 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 41505 Carlotta Dr in Palm Desert, California. 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 Springs Healthcare Center at the Carlotta 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 »Arbors at Fairlawn Involved in M&A Activity in LevinPro Database
Arbors at Fairlawn 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 575s Cleveland Massillon Rd in Fairlawn, Ohio. It was incorporated on November 19, 2014. 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 Arbors at Fairlawn 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 »
60 Seconds with Swett: SNFs Get a Boost from CMS
Support for the skilled nursing sector continues to flow from the government, both state and federal, and CMS finalized its FY2026 SNF Prospective Payment System rate increase of 3.2%, based on the final SNF market basket increase of 3.3% plus a 0.6% market basket forecast error adjustment and a negative 0.7% productivity adjustment, amounting to an increase in SNF PPS payments of $1.16 billion compared with FY2025. That is down from the 4.2% increase in reimbursement from the previous fiscal year but up from CMS’s initial proposed increase of 2.8%, announced back in April. And it comes after numerous states have already started to reconcile their Medicaid rates more closely with the... Read More »
LTC Properties and Sabra Up Their Guidance
With $400 million of new investments now included in its guidance, LTC Properties upped its forecast for the rest of the year. Its SHOP portfolio will more than double in size as the REIT transforms itself from a mostly triple-net lease orientation to a more diversified investor, taking advantage of improving operating metrics. Over the next 60 days, LTC expects to close about $320 million in new investments, of which $60 million is a five-year mortgage loan at 8.25%. When these investments close, LTC’s SHOP portfolio will represent nearly 20% of the total portfolio. Net income, FFO and FAD guidance were all increased. Sabra Health Care REIT also increased its guidance based on new... Read More »
SLIB’s Strong Start to August
There is certainly no summer slump for Senior Living Investment Brokerage, which started off August well with three closings. That activity included a portfolio of three well-performing seniors housing communities in Montana and Oregon selling to a West Coast not-for-profit. The properties are located in Sweet Home and Cottage Grove, Oregon, and Great Falls, Montana. Jason Punzel, Brad Goodsell, Vince Viverito and Jake Anderson represented the regional operator seller, which developed and recently remodeled the communities. Two were built in the late-1990s, and one opened in 2001. There are 190 assisted living, 77 memory care and 23 independent living units, with 332 total beds. The three... Read More »
Ensign Adds to Its Footprint
The Ensign Group announced three transactions, growing in Wisconsin, Iowa and California. First, through two separate transactions on the same day, Ensign acquired the real estate and operations of Pine Crest Health and Memory Care, a 120-bed skilled nursing facility in Merrill, Wisconsin (with 70% occupancy and a 19.5% quality mix), and Crystal Heights Care Center, a 72-bed skilled nursing facility in Oskaloosa, Iowa. Subsidiaries of Standard Bearer Healthcare REIT, Ensign’s captive real estate company, acquired the real estate for both facilities, which are operated by Ensign-affiliated tenants. The Giannini Group at Marcus & Millichap handled the Merrill sale. Also on the same... Read More »
Regional Owner/Operator Acquires Class-A Community
Blueprint facilitated the sale of a Class-A, cash-flowing seniors housing community in Glendale, Arizona. Built in 2015, the 85-unit assisted living and memory care community reflects institutional-quality construction and design, and has benefited from consistently strong occupancy. There was a competitive bidding environment, with nine offers secured. The seller was an institutional joint venture. The asset was ultimately acquired by a well-established regional owner/operator with a portfolio of nearby, directly competing properties. Their local presence and market familiarity are expected to unlock synergies and performance upside. Amy Sitzman and Giancarlo Riso handled the... Read More »
Ziegler Closes Acquisition and Bond Financings
Ziegler announced that it advised on an acquisition loan and closed a bond financing. Ziegler was the capital structure advisor and hedge advisor in the placement of a $52.5 million acquisition loan on behalf of a regional owner/operator. The acquisition financing was used to acquire five independent living communities in Michigan. The portfolio surrounds the Metro-Detroit MSA and has a total of 631 units and 695 beds. Christopher Utz advised and negotiated the transaction for the borrower and placed the loan with Oxford Finance. Ziegler’s Structured Products Practice placed an interest rate cap through a competitive bid process, ultimately executing the cap with Goldman Sachs. Ziegler... Read More »Arrowhead Springs Healthcare Linked to M&A Activity in LevinPro Database
Arrowhead Springs Healthcare 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 1335 N Waterman Ave in San Bernardino, California. It was incorporated on March 29, 2021. 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 Arrowhead Springs Healthcare 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,... Read More »
Omega Beats Estimates
Omega Healthcare Investors released its second quarter results, beating estimates and demonstrating resilience amid the bankruptcy of Genesis Healthcare, one of the largest skilled nursing operators in the country. The REIT reported AFFO of $0.77 per common share, which was above the estimate of $0.75. Revenue also came in higher than expected, totaling $282.5 million as opposed to the projected $240.6 million. Omega completed approximately $527 million in new investments during the quarter, including $502 million in real estate acquisitions. The company purchased 45 facilities in the U.K. and Jersey for £259.8 million (approximately $344.2 million). The facilities were leased to... Read More »Schedule a demo
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