Ensign Grows in Utah with 120-Bed Pickup; Greystone’s $14M Kansas Play

The Ensign Group (Nasdaq: ENSG) on Thursday announced the acquisition of Bella Terra Cedar City, a 120-bed skilled nursing facility in Cedar City, Utah. The transfer, which includes both the real estate and operations, became effective January 1, and the terms of the deal were not disclosed. Milestone Healthcare, Ensign’s Utah-based portfolio subsidiary, will operate […]

Reliant’s $88M Portfolio Play; $28M HUD Loan for Illinois Facility

Reliant Named as Seller, Operator in $88M Griffin Deal Affiliates of Reliant Care Management Group sold a portfolio of eight skilled nursing facilities in Missouri to Griffin-American Healthcare REIT IV, Inc., and will stay on as operators going forward. Griffin-American first announced the $88.2 million deal in June, with the deal closing during the first week […]

Amid Opioid Epidemic, Drug Rehab Operators Eyeing SNF Properties

As millions of Americans grapple with opioid abuse disorders, skilled nursing facilities are attractive locations for drug treatment facilities. With more than 2 million people in the U.S. having a substance abuse disorder, according to the Department of Health and Human Services (HHS), the demand for care is spiking. “There’s this huge need for additional […]

Skilled Nursing Transactions: Cascadia Now Largest Post-Acute Operator in Idaho

Cascadia Healthcare Becomes Largest Post-Acute Operator in Idaho Cascadia Healthcare announced several transactions that made the Eagle, Idaho-based post-acute health care company the largest such operator in the state. Cascadia of Nampa, a 99-bed transitional care facility in Nampa, Idaho, opened most recently. In addition, Cascadia expects to open a similar construction facility in Boise, Idaho, early next […]

Transactions: More Details on Skilled Nursing Operator’s Philly Exit

Mid-Atlantic Health, Philly’s Largest SNF Operator, Exits  The Timonium, Md.-based Mid-Atlantic Health Care made headlines last week when it exited the Philadelphia market, where it had previously been the largest provider of skilled nursing services. Now, the broker that helped negotiate the deal released a few extra details about the transaction. MIMA Healthcare of Lakewood, […]