CIBC Bank Closes $70M Refinancing of Two Venza Care Nursing Homes; Pair of Family-Owned Nursing Homes Sold in Indiana

Evans Senior Investments (ESI) brokered the sale of two family-owned and operated skilled nursing communities, located in Northern Indiana.  Pilgrim Manor, located in Plymouth, has been a cornerstone of the community since its establishment in 1969, and underwent a significant renovation in 2012. The facility offers 78 skilled nursing beds, including 40 private rooms. Despite […]

ProMedica-ManorCare Deal Could Signal ‘Titanic Shift’ in Skilled Nursing

Welltower Inc. (NYSE: WELL) and ProMedica’s megadeal to acquire Quality Care Properties’ real estate has given the skilled nursing industry a boost, and could spur other similar deals in the future. As part of the $4.4 billion joint venture, non-profit hospital system ProMedica also picked up the struggling skilled nursing chain HCR ManorCare, QCP’s former primary […]

Skilled Nursing M&A Crystal Ball 2018: Top Players’ Predictions

After a 2017 that saw a change in presidential administrations, continuing occupancy pressures, declarations that the industry is in a historic downward spiral, and the most sweeping tax overhaul in a generation, players in the skilled nursing mergers-and-acquisitions world might be wondering if 2018 could possibly bring even more turmoil. Earlier this week, Skilled Nursing […]