VIUM Capital Closes Out First Full Year In Style
Just a year and half after its inception, VIUM Capital announced it closed 42 transactions totaling nearly $700 million in 2021, with nearly half of those deals closing in the fourth quarter. The deal total was fairly even between bridge and HUD loans, and we learned about several of these closings this month. In a recapitalization effort to retire existing debt, cover closing costs and take equity out, two assisted living/memory care communities in Washington received a $14 million bridge loan from VIUM. Over in Maryland, VIUM placed another $15.15 million bridge loan for the acquisition of a skilled nursing facility. VIUM then placed a third bridge loan to a SNF in Illinois,... Read More »
VIUM Capital Finances Two Transactions
VIUM Capital has provided financing for two transactions spanning seven total properties. The first deal involved the acquisition of a six-property portfolio consisting of five skilled nursing facilities and one assisted living community. The properties, all located in southeast Michigan, were purchased for $64.44 million and received $58 million of bridge-to-HUD financing. Funds were provided for acquisition costs and capex being used to improve building aesthetics, add a short-term rehab in one of the buildings and other specialty units. The financing includes a debt structure of $54 million of A notes and $4 million of B notes. The second financing was for the purchase of Bria of... Read More »
Interview with Scott Tittle of VIUM Capital
The SeniorCare Investor Editor Ben Swett sits down with VIUM Capital’s Head of Government Relations and External Affairs to discuss the latest round of provider relief, its potential effects on the M&A market, and the scrutiny of private equity deals. Read More »
VIUM Adds New Hire Amid Flurry of Deals
Two months ago, VIUM Capital announced the hiring of four more experienced bankers, all of whom had worked at Lancaster Pollard (like VIUM’s founders Steve Kennedy and Kass Matt) at one point in time. But their latest addition will come from National Center for Assisted Living. NCAL Executive Director Scott Tittle announced he will leave the organization after six years and will join VIUM in September. He is joining as a Managing Director and the firm’s first Head of Government Relations and External Affairs. As a licensed attorney, Mr. Tittle brings over 15 years of experience helping assisted living and skilled nursing operators with their regulatory, reimbursement and advocacy needs.... Read More »Schedule a demo
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