With reporting from Tim Mullaney and Zahida Siddiqi With the number of nursing home beds in decline across the United States — and providers large and small divesting of facilities, exiting the industry or shutting down completely — some organizations are finding ways to grow. Expansion is one theme uniting this year’s skilled nursing providers […]
The Ensign Group announced a series of SNF acquisitions and long-term leases earlier this month, including one facility in Arizona, two in South Carolina and six in Texas. Ensign acquired the operations of Oak Harbor Healthcare, a 132-bed skilled nursing facility located in Mount Pleasant, S.C. and Oak View Health and Rehabilitation, a 190-bed SNF […]
Genesis HealthCare obtained a $395 million senior credit facility from White Oak Healthcare Finance this week, marking “an important step” in the operator’s restructuring. White Oak acted as the sole lender and administrative agent in the deal. “This loan is an important step in the restructuring of Genesis as a leader in high-quality health care […]
White Oak Healthcare Finance helped arrange a $185 million senior credit facility for 14 skilled nursing facilities in the southeast. White Oak acted as the administrative agent in the deal, according to an announcement of the deal on Wednesday. The overall portfolio comprises more than 1,400 beds. “Though the current operating environment in the skilled […]
With the market for nursing homes showing no sign of slowing, an investment firm is looking to expand in the skilled nursing sector with a new team headed by Jason Dopoulos. As managing principal of White Oak Healthcare Partners, a subset of White Oak Healthcare Finance, which is a subsidiary of White Oak Global Advisors […]
Despite low occupancy rates and uncertainty around federal funding, experts say the market for nursing homes has not slowed, as buyers want to get in on the frenzy and are willing to pay near stabilized rates to do so. Some, like Symphony Care Network, with a portfolio that totals more than 30 properties throughout Illinois, […]
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 […]
White Oak Healthcare Finance provided funding for a $110 million senior credit facility secured by nine skilled nursing facilities in Virginia, with a total of more than 1,000 beds. White Oak acted as administrative agent and sole lender on the funding, which was done on behalf of the client, “a well-respected real estate investor,” according […]
Despite showing long-term optimism about Daybreak Venture, executives at Omega Healthcare Investors (NYSE: OHI) on Wednesday revealed an ongoing plan to replace the struggling skilled nursing operator at many of its facilities in Texas. The two parties have mutually agreed to work toward a deal that would “selectively downsize” Daybreak’s footprint across the Lone Star […]
White Oak Healthcare Finance on Tuesday announced its role in funding a $241 million senior credit facility for a group of 19 skilled nursing facilities. The portfolio consists of more than 2,000 beds across six states: Massachusetts, New Hampshire, Pennsylvania, Delaware, Maryland, and West Virginia. A spokesperson for White Oak, a San Francisco-based lender, confirmed […]
With just two weeks to go before the new payment model for nursing homes takes effect, operators that have prepared for the changes could be expecting a significant boost in their Medicare reimbursements. But providers shouldn’t necessarily expect their investors to share in their optimism over the Patient-Driven Payment Model (PDPM). Over the course of […]
White Oak Healthcare Finance secured an $81 million credit facility for 14 skilled nursing facilities owned by GMF Capital, White Oak announced last week. The transaction included a $66 million senior credit facility to refinance the properties, located in Ohio and Kentucky, along with a $15 million line of credit for the operating company. GMF […]
Despite persistent industry headwinds, an investment firm with a strong skilled nursing footprint is expanding its reach in the space. White Oak Healthcare Finance on Tuesday announced the launch of a real estate investment trust (REIT) vehicle for investing up to $500 million in initial acquisitions in senior housing and skilled nursing properties, primarily focusing […]
White Oak Provides $161M For Allegiant Healthcare’s 17-SNF Acquisition White Oak Healthcare Finance made another major financing for a skilled nursing transaction to kick off 2019. The affiliate of White Oak Global Advisors, LLC acted as sole lender and administrative agent for the funding of a $161 million senior credit facility for Allegiant Healthcare and […]
White Oak Healthcare Finance on Wednesday made another major splash in the long-term care world, announcing the acquisition of a $700 million portfolio of 12 loans associated with skilled nursing and senior housing properties. The investment company — a subsidiary of the San Francisco-based alternative asset management firm White Oak Global Advisors — bought the […]
White Oak Healthcare Finance helped arrange a $190 million senior credit facility for 17 skilled nursing facilities owned by the joint venture BM Eagle Holdings, led by affiliates of BlueMountain Capital Management. White Oak acted as administrative agent and lead lender on the funding of the credit facility, which will be used for facilities in […]
White Oak Lands $33M Refinance for Granite Group White Oak Healthcare Finance this week announced the funding of a $33.2 million senior credit facility for Granite Investment Group; in turn, Granite used the funds to refinance a four-building skilled nursing portfolio in Texas. A subsidiary of White Oak Global Advisors, the health care finance firm […]
GMF Capital Buys Former Sabra SNF for $6M GMF Capital purchased Woodland Hill Center, a 100-bed skilled nursing facility in Asheboro, N.C., for $5.95 million, the Triad Business Journal reported. The facility was bought from Sabra North Carolina LP of Irvine, Calif., a subsidiary of Sabra Health Care REIT (Nasdaq: SBRA). The sale was part of an overall […]
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