$169M Skilled Nursing Portfolio Deal in N.J.; Legacy Grows with a Pair of SNFs in Chicagoland

Peace Capital and its affiliated operator Complete Care Management acquired a 930-bed senior living and skilled nursing portfolio in the Ocean County, N.J. area in a $169 million deal. The transaction was financed by a $26 million mezzanine loan from the New York City-based private equity firm Northwind Group, and a $131 million senior financing […]

Vendor Objects to Skyline Receivership Transfer Plan in South Dakota

A few weeks after a lender attempted to hold up the transfer of nursing homes formerly operated by Skyline Healthcare in South Dakota to a new permanent provider, a new report reveals that another party has jumped into the fray. Avera, a regional health system based in Sioux Falls, S.D., moved to stop a planned […]

Final Three Skyline Nursing Homes in Massachusetts Close Doors

The final three former Skyline Healthcare nursing homes placed in receivership in Massachusetts have closed. The properties in New Bedford, Fall River, and Dighton, Mass. formally closed Friday, according to a report from the Providence, R.I.-based CBS affiliate WPRI. All of the residents had found new places to receive care, Bedford Village nursing supervisor Grace […]

Transfer of Former Skyline Properties Faces Opposition from Lender

Several former Skyline Healthcare properties in South Dakota could soon be transferred from a court-appointed receiver to a new permanent operator, but one lender involved in the case is arguing that it won’t get paid if the deal happens. The Aberdeen News first reported the news late last week. Skyline fell apart financially in South […]

HHC’s $81M Refinance for Legacy, Cascade; Multiple Bids on 100-Bed SNF in OK

Housing & Healthcare Finance earlier this month pulled off an $81 million refinancing for Cascade Capital Group and its operating affiliate, Legacy Healthcare. The North Bethesda, Md.-based HHC Finance arranged the deal for a six-building portfolio in the greater Chicagoland area, refinancing the buildings through the Department of Housing and Urban Development’s (HUD) 223(f) loan […]

Dwight Capital’s $13M Bridge Loan in Ohio; Marquis & Tryko Expand in Maryland

Tryko Partners on Friday announced the acquisition of Collingswood Rehabilitation & Healthcare Center in the Washington, D.C. suburb of Rockville, Md. The Brick, N.J.-based private equity firm installed its health care affiliate, Marquis Health Services, as the new operator, with plans for $4.5 million in capital improvements and new programming at the site. The 160-bed […]

$41M Nursing Home Sale in New York, $41M Portfolio Sale in MI

Non-Profit Sells Queens Nursing Home to For-Profit for $41M CenterLight Health System, a non-profit based in the Bronx, N.Y., will sell its Margaret Tietz Nursing and Rehabilitation Center in Queens to a group of limited liability companies for $41 million. The owners of those companies include Cassena Care principals Pasquale DeBenedictis and Alex Solovey and Workmen’s […]

60 Nursing Homes Change Operators in Multi-State Deal

More than 60 skilled nursing facilities across six states have new operators after a major real estate investment trust (REIT) decided to make a change. The portfolio stretches across six states in the Midwest and Pacific Northwest, with a total of 5,500 beds, according to Cascade Capital Group, which facilitated the deal. The identity of […]

Skilled Nursing Transactions: Strawberry Fields Picks Up Louisville SNF

Ohio Skilled Nursing Facility Sold for $7.5M An Ohio skilled nursing facility (SNF) is under new management after being sold for $7.5 million by Kettering Health Network, a hospital system based in Dayton, Ohio, the Dayton Daily News reported. The former Greene Oaks Retirement Center, now called Harmony Center for Rehabilitation & Healing, was purchased by […]