Private Equity Snaps Up Wound Care Provider AMT; Monticello’s $14M Skilled Nursing Deal

American Medical Technologies, a leading provider of wound-care services to post-acute and long-term care facilities, last Friday announced its acquisition by private equity firm One Equity Partners and investment management company The Silverfern Group.

The Irvine, Calif.-based AMT operates in more than 6,250 facilities across the country, according to the company, with services ranging from clinical education to advanced wound dressings. The firm also supplies durable medical equipment, and participates in Medicare Part B.

The terms of the deal were not disclosed.

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“Our skilled nursing home customers, along with the rest of the long-term care industry, are navigating through challenging times brought on by the COVID-19 pandemic,” AMT CEO Sam Muppalla said in a statement. “This acquisition will secure our ability to serve our customers and afford us the opportunity to create more value for them through innovation.”

AMT plans to focus on broadening its influence in the Medicare Advantage marketplace, along with other alternative payment models, senior vice president of channels Julie Rhodovi said in the statement.

“Forty percent of Medicare beneficiaries have chosen to be involved in a Medicare Advantage plan. To support this choice, we have built extensive collaborations with the managed care organizations,” Rhodovi said. “We look forward to expanding these collaborations to address continuity of wound care across settings and enabling new value-based reimbursement models.”

Originally the in-house private equity operation of banking giant JPMorgan, One Equity Partners was spun out as an independent entity in 2015, according to the firm.

Blueprint Turns Two Skilled Nursing Deals

The Chicago-based Blueprint Healthcare Real Estate Advisors announced a pair of skilled nursing deals in recent weeks.

First up, the brokerage firm negotiated the sale of a 50-bed transitional care facility — with all private rooms — in Flagstaff, Ariz. on behalf of owner Embree Asset Group.

The property, originally built for operator Wellbrook Senior Living in 2018, was sold to a non-profit that installed The Goodman Group as the operator, according to Blueprint.

The terms of the deal were not disclosed, but Blueprint emphasized that the transaction saw the highest per-bed price for an Arizona skilled nursing facility in five years.

The property was rebranded as Aspire Transitional Care; Embree Capital Markets advised Embree Asset Group on the sale, according to Blueprint.

Senior director Amy Sitzman and senior associate Giancarlo Riso handled the deal for the brokerage.

Blueprint also pulled off the disposition of a West Coast nursing home owner’s only Kansas facility, located about 20 minutes north of Lawrence. The 60-bed property, described as a “well-maintained” facility marketed at a price below replacement cost, was sold to an owner-operator that had previously worked with the brokerage; Blueprint also oversaw the due diligence and change-of-ownership process.

Sitzman, Riso, and managing director Michael Segal worked on the Kansas transaction for Blueprint.

Monticello’s 14M Financing Deal

MONTICELLOAM earlier this month announced the provision of $14 million in debt financing for the acquisition of a skilled nursing and assisted living property in Wisconsin, as well as the refinance of two SNFs in the state; all told, the portfolio consists of 305 beds and units in the Badger State.

The New York City-based real estate and asset-based lender completed the deal on behalf of the properties’ owner/operator, which maintains a footprint with 4,969 licensed beds and units.

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