Out-of-Town Skilled Nursing Investors Get Low Marks in Western N.Y.

Out-of-town investors have snapped up a third of the 47 nursing homes in the Western New York towns of Erie and Niagara since 2007, and a Sunday report from The Buffalo News questions whether care in the region has suffered as a result. Eight out of the 10 local nursing homes in Erie and Niagara rated “much […]

SentosaCare Takes Over Virginia Facility; $11M Illinois Nursing Home Sale Drags On

SentosaCare Takes Over Virginia Nursing Home The former Avante Nursing Home in Waynesboro, Va., is now owned by Webster, N.Y.-based SentosaCare, as of June 1, The News Virginian reported on August 18. The change in ownership came as part of a 10-facility Avante sale announced earlier this year, John Harnack, vice president of human resources for The Avante […]

Avante Group Plans to Sell Batch of Facilities to SentosaCare

Avante Group, a nursing home group based in Hollywood, Fla., is selling all six of its facilities in North Carolina, with an effective closing date of June 1. SentosaCare, based in Webster, N.Y., is the proposed buyer, the Winston-Salem Journal reported, and the number represents a reduction in Avante’s footprint by half. Avante submitted a Worker […]

Transactions: $47M Bridge Loan, Signature Property Sells in FL

HFF Announces Sale of San Antonio SNF HFF announced the sale of the 144-bed Mesa Vista Inn Healthcare Center, a post-acute skilled nursing facility in San Antonio, Texas. HFF marketed the property for Kayne Anderson Real Estate, the seller, and procured the buyer, an O&M Investments affiliate. Harborview Capital Partners Arranges $47.5M Bridge Loan  Harborview Capital Partners, a commercial […]