Capital Senior Ventures Acquires Final Kindred Skilled Nursing Facility

Capital Senior Ventures made a bet on the Las Vegas skilled nursing market, acquiring a state-of-the-art skilled nursing facility in the city for an undisclosed price. Built in 2015, the facility is the last SNF owned by Kindred Healthcare. It consists of 160 beds, including 118 private and 21 semiprivate rooms. In addition to there […]

New Jersey Buyer Acquires North Carolina SNF Portfolio

Mark Davis of Healthcare Transactions Group negotiated the sale of a skilled nursing portfolio in North Carolina. Two of the three facilities are located in the Raleigh-Durham market, in the towns of Henderson and Durham, while the third is located in the northeast part of the state near the Virginia border. They totaled 297 licensed […]

HTG Sells Two Baltimore Brinton Woods SNFs

Healthcare Transactions Group continued its prolificacy in the Maryland M&A market with the sale of two more Brinton Woods skilled nursing facilities in Baltimore. Previously owned and operated by Brinton Woods Management Company since 2007 and 2008, the facilities are located across the city from each other. The East Baltimore SNF features a four-star rating […]

Healthcare Transactions Group’s Home-Field Advantage

Maryland-based Healthcare Transactions Group just closed the 23rd senior care transaction in its home state. For an undisclosed price, the firm arranged the sale of a 118-bed skilled nursing facility in Sykesville (about 20 miles northwest of Baltimore). Formerly owned by a New Jersey-based private owner, the target was previously leased to Transitions Healthcare and […]

Top Senior Care Facility Is Sold

Mark Davis of Healthcare Transactions Group sold a 128-bed/unit senior care facility in Maryland that is widely recognized as a preeminent facility of choice in the Washington, D.C. metro area. It has maintained a five-star rating ever since the rating system was started. The skilled nursing portion was originally built in 1958 with additions or renovations in […]

Mid-Atlantic Health Care Makes An Exit

Mid-Atlantic Health Care is exiting the skilled nursing market with the sale of its eight remaining facilities in Pennsylvania. The company was still growing its portfolio (which at one point numbered over 20 facilities) as recently as December 2015, so this move, and its sale of 14 skilled nursing facilities late last year, marks a […]

High quality facility doesn’t always mean high prices

A five-star rating from Medicare should normally translate to a higher per-bed valuation when a skilled nursing facility changes hands. When you also throw in a recent build (for SNFs) in 2003 and good location in the growing Raleigh-Durham MSA of North Carolina, one would again assume this facility would command a premium in price. […]