Ensign Adds SNF in California; Monarch Acquires Former Welcov Facilities

The Ensign Group (Nasdaq: ENSG) acquired the operations of the 99-bed Downey Care Center, a skilled nursing facility in Downey, Calif. The acquisition was effective March 1. “It’s been many years since we have found the right opportunity to grow in Southern California,” Ensign President and CEO Christopher Christensen said in a statement announcing the […]

County Nursing Home Gets $6M for Back Bills; Welcov Facility in SD Sold

The Champaign County Board approved roughly $6 million in nursing home expenses for the Champaign County Nursing Home in Urbana, Ill., The News-Gazette reported. The board on January 15 voted to appropriate $1.98 million to pay off bills to nursing home vendors that dated as far back as fiscal 2015; it also voted to write […]

Monticello Pumps $69M into New Jersey Portfolio; Nursing Home Sale Finally Approved

Monticello Provides $69M Financing for New Jersey Portfolio Monticello Asset Management recently raised $69 million for a New Jersey skilled nursing investor and its operating partner. Two of the New York City-based firm’s investment vehicles originated $65 million in first-lien debt financing to HP Intermediate Administrative Services, which is looking to buy a four-asset skilled […]

Citing Regulatory Challenges, Drug Rehab Operator Backs Out of Nursing Home Lease

Rosecrance Health Network, a non-profit behavioral health provider, decided last week against leasing a wing of the Champaign County Nursing Home in Urbana, Ill., for use as a temporary residential addiction treatment center. The Illinois Department of Public Health (DPH) took too long in deciding whether or not to approve the lease, which would have started April […]

Skilled Nursing Transactions: KeyBank Finances Kindred-BM Eagle Deal

KeyBank Finances Kindred Sell-Off Deal KeyBank Real Estate Capital underwrote a $128 million loan for BM Eagle Holdings, the joint venture currently in the process of purchasing Kindred Healthcare’s (NYSE: KND) entire skilled nursing portfolio. The cash helped BM Eagle — a joint venture operated by affiliates of BlueMountain Capital Management, a New York City-based […]