Inside the Forces Driving Skilled Nursing Valuations in 2022

Many investors have not shied away from the skilled nursing industry in spite of the ongoing labor shortages, rising costs and looming federal regulations consuming operators — and they don’t appear to be doing so anytime soon. Private buyers have continued to buy up the overwhelming majority of available assets, closing roughly $1 billion in […]

Ensign Acquires Texas Nursing Home; Lument Closes $87M Financing For 9 SNFs

The Ensign Group this week acquired the real estate and operations of a Texas skilled nursing facility. Park Manor of McKinney is a 138-bed nursing home located in McKinney, Texas. Standard Bearer Healthcare REIT, Ensign’s captive real estate company, acquired the real estate effective Aug. 1, according to a news release. The deal brings Ensign’s […]

Blueprint Sells 59-Bed Georgia SNF; Lument Closes $18.9M for Senior Care Community

Blueprint announced the sale of Cobblestone Rehabilitation & Healthcare Center, a 59-bed skilled nursing facility in Moultrie, Ga., following the operator’s recent bankruptcy filing. The facility, which was previously owned by a New York-based investment firm, was sold to a local community-based teaching hospital, Colquitt Regional Medical Center. “Acquiring Cobblestone will allow us to expand […]

Two Former Consulate SNFs Sold in Bankruptcy Disposition; Lument Sees $1.49B Year

Evans Senior Investments (ESI) announced it represented the bankruptcy disposition of two skilled nursing communities in Florida tied to Consulate Health Care. The bankruptcy stemmed from a whistleblower case that resulted in a civil fraud judgment of $256 million, of which Consulate Health Care was ordered to pay $4.5 million. Both nursing homes operated under […]

Blueprint Sells Two SNFs for $51M; Oxford Finance Closes $66.9M Credit Facility

Blueprint completed a $51 million sale of two skilled nursing facilities in central and northeast Florida. The two facilities, totaling 300 beds, were sold to an operator looking to expand its presence in the state. The seller, a Florida-based owner operator, engaged Blueprint in November and required an off-market transaction that needed to be completed […]

Ziegler Closes $58M in Financing; Blueprint Brings in Private Equity Buyer

Specialty investment bank Ziegler announced it closed on $58,240,000 Series 2021A, Series 2021B and 2021 taxable loan for a James City County, Va.-based continuing care retirement community. The community consists of 181 independent living units, 14 assisted living units, 18 memory support units and 22 skilled nursing beds and sits on a 105-acre campus. Virginia […]

PRF M&A Reporting Won’t Have ‘Chilling Effect’ on SNF Dealmaking

When the federal government announced the availability of $25.5 billion in COVID-19 relief funding earlier this month, it specifically noted that Provider Relief Funds should not be used for M&A activity. “To help ensure that these provider relief funds are used for patient care, PRF recipients will be required to notify the HHS Secretary of […]

HUD Lending Continued Through the Pandemic and Looks Strong Coming Out

Over the past month, bankers have secured multimillion dollar loans insured by the Department of Housing and Urban Development (HUD) for SNF properties in North Carolina, D.C., California and Kentucky, as the government agency continues to be one of the most reliable backers for nursing homes through the pandemic. “Over the course of COVID we […]

Pandemic Offers Opportunity for Private Investors in Skilled Nursing

The private sector has become more interested in investing in skilled nursing assets this past year into 2021, thanks to less competition from the public sector and (in some cases) distressed sales due to the pandemic. Public skilled nursing facility (SNF) owners like LTC Properties, Welltower Inc. and Omega Healthcare, meanwhile, are less inclined to […]

Aspen Skilled Healthcare gets $25M, Lument Closes $35.6M Loan for PA SNF

White Oak Healthcare Finances $25 Million for Aspen Skilled Healthcare White Oak Healthcare Finance LLC announced it funded a $25 million credit for Aspen Skilled Healthcare, Inc last week. White Oak will reportedly act as the sole lender and administrative agent of the asset-based senior credit facility and with the funds being used to finance […]

Despite COVID, HUD Funding Remains Lifeline for Skilled Nursing Operators

Mostly positive news continues to make headlines when it comes the United States’ recovery from the COVID-19 pandemic, including that related to the conditions and census at skilled nursing facilities. Like all facets of operations during the past 14 months, senior living was hit hard, including its lending environment involving U.S. Department of Housing and […]