Blueprint announced the sale of three skilled nursing and long-term care facilities in Mississippi totaling 340 licensed beds to DAC Acquisitions, LLC. The portfolio’s owner, a New York-based investment firm, put the facilities up for sale after the operator filed for bankruptcy. Overall census declined throughout the pandemic but leveled out in late 2021 at […]
Blueprint Healthcare Real Estate Advisors
Oxford Finance’s Healthcare Real Estate Group closed over $280 million in transactions in the first quarter of 2022, providing credit facilities ranging from $5 million to more than $110 million. Some of the deals Oxford closed included a $80.7 million term loan along with a $8.5 million revolving line of credit to finance the acquisition […]
Senior Living Investment Brokerage announced the sale of Cla-Cliff Nursing and Rehabilitation Center, a 116-bed facility in Brinkley, Ark. The facility was owned and operated within the same family for nearly 60 years, but ultimately the seller was looking to retire and exit the sector. The buyer is a regional owner looking to expand its […]
Blueprint announced the sale of Cobblestone Rehabilitation & Healthcare Center, a 59-bed skilled nursing facility in Moultrie, Ga., following the operator’s recent bankruptcy filing. The facility, which was previously owned by a New York-based investment firm, was sold to a local community-based teaching hospital, Colquitt Regional Medical Center. “Acquiring Cobblestone will allow us to expand […]
The Ensign Group Inc. (Nasdaq: ENSG) announced on Tuesday that it increased its credit facility by $250 million, reaching an aggregate of $600 million for the skilled nursing operator. The borrowings are supported by a lending consortium arranged by Truist Securities. The new facility matures on April 8, 2027, and includes a $400 million incremental […]
Helios Healthcare Advisors announced the sale of a 63-bed skilled nursing facility in northwest Massachusetts. The facility was previously owned and operated by a family-run organization that was looking to retire from the industry, according to a news release announcing the deal. The closing was put together in the first quarter of 2020 under the […]
With record-setting pricing seen across the nursing home sector in 2021, one of the leading health care advisory firms is making some changes at the top to better capitalize on an ever-changing market. Blueprint Healthcare Real Estate Advisors – which recently facilitated the sale of a 167-bed independent living, assisted living and skilled nursing facility […]
Evans Senior Investments (ESI) announced it represented the bankruptcy disposition of two skilled nursing communities in Florida tied to Consulate Health Care. The bankruptcy stemmed from a whistleblower case that resulted in a civil fraud judgment of $256 million, of which Consulate Health Care was ordered to pay $4.5 million. Both nursing homes operated under […]
Evans Senior Investments announced the sale of a 186-bed SNF in Indiana for $25 million or $134,000 per bed. The facility had historically been at 85% occupancy or above, but was not profitable at the time of marketing with census dropping to 72%. It was the seller’s only skilled nursing facility. The facility had a […]
Blueprint announced the sale of a large skilled nursing portfolio in Ohio this week for $145 million or roughly $73,000 per bed. The portfolio consists of over 2,000 skilled nursing beds spread across 17 facilities in the state. Originally purchased in 2018 by a joint venture between an experienced investor and a growing Ohio-based operator, […]
Eduro Healthcare recently added two skilled nursing facilities to its Texas portfolio. The first facility, in Lockhart, Texas, closed for seven months due to damage from last year’s winter freeze. “We are excited to be the team to reopen Parkview Nursing and Rehab,” Eduro Healthcare Managing Partner Michael Bewsey said in a news release announcing […]
New York City-based health care lender and asset manager MONTICELLOAM, LLC late last year announced it provided $89 million in debt financing for the refinancing of 10 skilled nursing facilities and one assisted living facility. The facilities consist of a total of 1,188 beds in California, Colorado and Iowa. SLIB Helps Sell Two Pennsylvania SNFs […]
Evans Senior Investments (ESI) announced the sale of a Pennsylvania portfolio in three separate transactions that consisted of eight long-term care communities for the combined purchase price of $150 million or $121,000 per functional bed. The first tranche of the portfolio included four communities totaling 661 licensed skilled nursing beds and 88 independent living cottage […]
Cambridge Realty Capital Companies announced last month that it provided a $12,722,300 Department of Housing and Urban Development lean loan to refinance a 249-bed skilled nursing facility in Cicero, Ill. The facility, Alden Town Manor, offers a wide range of health care services and programs, including orthopedic, cardiac, pulmonary and stroke rehabilitation, as well as […]
Specialty investment bank Ziegler announced it closed on $58,240,000 Series 2021A, Series 2021B and 2021 taxable loan for a James City County, Va.-based continuing care retirement community. The community consists of 181 independent living units, 14 assisted living units, 18 memory support units and 22 skilled nursing beds and sits on a 105-acre campus. Virginia […]
Chicago-based Huron Consulting, which traditionally has ties to the health care world via hospital systems, has cultivated a small team to zero in on attracting clients from the skilled nursing and long-term care industry. Hand-picked talent and a concerted effort to dismantle the silos in health care set the group apart from other firms that […]
Specialty investment bank Ziegler announced it closed on $80 million Series 2021 Bonds for a Florida not-for-profit corporation in Winter Park, six miles from downtown Orlando. The community includes 60 skilled nursing beds. The deal marks the second phase of a two-phase repositioning of the campus. The first phase was financed in November, with $60,135,000 […]
The Ensign Group Inc. (Nasdaq: ENSG) acquired Sedona Trace Health and Wellness, a 119-bed skilled nursing facility in Austin, Texas, and Cedar Pointe Health and Wellness Center, a 122-bed SNF in Cedar Park, Texas, earlier this month. Real estate for both facilities was purchased by CareTrust REIT, Inc. (Nasdaq: CTRE) in the deal as an […]
The current skilled nursing market continues to be red hot with some of the larger, more aggressive groups paying prices that are $17,000 more per bed compared to 2020 in terms of evaluation, Evans Senior Investments data from more than 425 facilities reveals. “Despite the pandemic and everything else that is going on in the […]
Chicago-based specialty investment bank Ziegler announced in July it closed on $56,850,000 Series 2021 Bonds for a continuing care retirement community for not-for-profit corporation, Westminster. Located in Austin, Texas, the CCRC is comprised of 324 independent living units, 22 assisted living units and 85 skilled nursing beds, 30 of which are used for memory care. […]
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