Skilled Nursing Operator Welcov Folds, Transfers 22 Properties

More than 20 skilled nursing facilities operated by Welcov Healthcare are now under the control of new operators, court documents filed Monday show. The chain reached an agreement to formally transfer oversight of 22 SNFs in Minnesota, Wyoming, Iowa, and South Dakota to new operators. Lighthouse Management Group, Inc., a Brighton, Minn.-based consulting firm that […]

$55.4M Skilled Nursing Refi in Brooklyn, $29M Loan in Upstate New York

Allure Secures $55.4M Refinance Loan for Brooklyn Nursing Home Allure Group secured a $55.4 million refinancing loan for a nursing home in Brooklyn, N.Y., The Real Deal reported. Popular Community Bank assumed the existing unpaid¬†$29 million balance at King David Center for Nursing and Rehabilitation, the publication said, citing property records filed this week. Popular […]