New York City-based health care lender and asset manager MONTICELLOAM, LLC announced that it provided a $70 million, five-year loan to refinance a seven skilled nursing facility portfolio. That portfolio consists of 953 beds throughout Arkansas. The sponsors of the transaction have a total portfolio of approximately 1,200 beds in Arkansas and have a proven […]
Illuminate HC
Illuminate HC, which recently took over nine former HCR ManorCare skilled nursing facilities in Michigan, intends to use the deal as the first step toward becoming a regional player. And for now, at least, it has no aims to go beyond that scale. “While once we perhaps aspired to be a national presence with hundreds of […]
Illuminate HC will take over nine former HCR ManorCare nursing homes in Michigan. The management contract gives Illuminate a portfolio including 1,054 beds and more than 1,500 employees. The facilities will transition to the brand SKLD, according to a press release announcing the deal. They are located in greater Detroit and Grand Rapids, Michigan. Illuminate, […]