As the White House blasts the role private equity and real estate investment trusts (REITs) play in the nursing home space, some industry insiders believe that the administration is confused about how ownership actually works and where problems truly lie. David Reis, CEO of Senior Care Development, described “three players at the table,” and said […]
Senior Care Development
If there’s been one constant in 2020, it’s been uncertainty — and the post-acute and long-term care landscape has seen more than its fair share. For operators and the residents they serve, that murkiness has taken the form of shifting mandates, questions about reopening their properties to vital visits from family and friends, and the […]
COVID-19 is upending operations in the skilled nursing world, but when it comes to the business side of running a SNF, upheaval was taking place well before the pandemic. This was particularly true when it came to ownership of the real estate and operations. Well before the new coronavirus reality, real estate investment trusts (REITs) […]
The developer of a software platform that has brought substantial hospital readmission cuts to skilled nursing facilities now has a $10 million cash influx to expand its footprint. Real Time Medical Systems raised that haul in a successful funding round involving multiple investors led by SunBridge Capital, Real Time founder and executive chairman Scott Rifkin […]
Senior Care Development and Fundamental Advisors made a major skilled nursing play earlier this month with the announcement of a $1 billion joint venture aimed at nursing home acquisitions. It’s a move that may have raised some eyebrows, given the general unease about the long-term care space among investors, but the CEO of Senior Care […]
Alternative asset management firm Fundamental Advisors LP on Monday announced the formation of a skilled nursing-focused joint venture, with an eventual goal of snapping up $1 billion in skilled nursing assets. The other half of the billion-dollar partnership will be Senior Care Development, a developer with a historic focus on continuing care retirement communities (CCRCs) […]
BMO Harris Bank’s Real Estate Finance Group announced that it closed on a $51 million facility for Arcapita, Senior Care Development, and LCS to finance the recapitalization of Sedgebrook, a continuing care retirement community in Lincolnshire, Ill. LCS is the parent company of Life Care Services, and has managed the property through that affiliate since […]
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