Hill Valley Healthcare Announces Tidewater Transaction
The team at Meridian Capital Group consisting of Ari Adlerstein, Ari Dobkin and Josh Simpson secured acquisition financing for a portfolio of three skilled nursing facilities in Virginia. Located along the Chesapeake Bay coast in Warsaw, West Point and Hampton, the facilities feature 80, 60 and 130 beds, respectively. Built between 1975 and 2001, they were all previously owned and operated by Riverside Health System, a not-for-profit based in Newport News, Virginia. Hill Valley Healthcare, a national skilled nursing operator, was able to acquire the facilities with the help of a $21.7 million loan from a commercial bank, plus a $3.5 million A/R line and... Read More »
Meridian Capital Group Closes Out 2020 In Style
To say that Meridian Capital Group had a strong 2020 would be an understatement. Amid all sorts of obstacles that were only compounded by COVID-19 and widespread lockdowns, the firm closed more than $3 billion in transaction volume in 2020, with $776 million for 76 seniors housing and healthcare facilities in 16 states closed over the last six weeks of the year. To reach that kind of volume in a year like 2020 is quite the accomplishment, and we congratulate Senior Managing Directors Ari Adlerstein and Ari Dobkin, Managing Director Josh Simpson, Vice Presidents Matt Lesnik and Jesse Rauch, and Associate David Gottlieb on their efforts. Acquisition financings seemed to dominate... Read More »
Vermont Portfolio Sale Funded By Oxford Finance
Oxford Finance announced its involvement in the sale of a five-skilled nursing facility portfolio in Vermont, which was revealed last month. To support the $46.6 million purchase price, Oxford provided a $44.6 million credit facility and revolving line of credit to the buyer, MDA Capital Group, LLC. Four years ago, Genesis HealthCare acquired the portfolio for $39 million from Revera, Inc. Located in Bennington, Burlington, Berlin, Springfield and St. Johnsbury, they have an average age of nearly 45 years and total 527 licensed beds. Meridian Capital Group handled the transaction and helped arranged the financing package with Oxford. Read More »
Meridian Capital Group Reports Active Month
The last month has seen the team at Meridian Capital Group close $672.4 million in transaction volume across 56 total properties. Comprising both financings and investment sales, that’s some impressive action. The Meridian team for these transactions comprised Ari Adlerstein, Ari Dobkin, Josh Simpson, Matt Lesnik, Jesse Rauch and David Gottlieb. First, Meridian handled the sale of five skilled nursing facilities and 527 beds in Vermont for $46.6 million, or $88,400 per bed. Gleaned from local news reports, the seller was Genesis HealthCare. Four years ago, the large provider acquired the Vermont portfolio for $39 million from Revera, Inc. Located in Bennington,... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
