Skilled nursing and short-stay rehabilitation provider Mainstreet, which recently announced a joint venture partnership with the Ensign Group (NASDAQ: ENSG) to develop five new “healthcare resort” properties, announced this week it is launching a new operating company. Mainstreet has hired David Stordy, former president of Golden LivingCenters as president of the new, yet-to-be-named company. The company […]
Ensign
Manor Village Life Centers Sells Senior Housing Property for $31 Million An affiliate of Rauls Convalescent Home Inc., based in Macon, Ga., recently purchased Manor Village at Preston, a senior housing apartment complex, for $31 million, reports the Triangle Business Journal. The new owner is changing the name of the 166-unit community to Preston Pointe. […]
Platinum Healthcare Sells Six-Property Ill. Skilled Nursing Portfolio for $48.5 Million Platinum Healthcare recently sold a six-property skilled nursing portfolio for $48.5 million in a transaction handled by Senior Living Investment Brokerage, Inc. The 822-bed portfolio had been owned and operated by a Midwest operator of long-term care properties. The senior care communities are located […]
Here’s a collection of some smaller acquisitions and investments made in the past few days by senior healthcare providers and investors. Ensign Acquires Two California Senior Care Facilities The Ensign Group, Inc. (NASDAQ:ENSG) recently announced the acquisition of Atlantic Memorial Healthcare Center, a 104-bed skilled nursing facility, and Shoreline Healthcare Center, a 75-bed skilled nursing […]
In case you missed it, we’ve rounded up all the senior housing and care transactions covered by Senior Housing News in March. Senior Housing Sales & Acquisitions CNL Lifestyle Properties Acquires Three Illinois Senior Living Communities (3/5/2012) Brookdale Senior Living Buys Retirement Home from Ventas for $16 Million (3/12/2012) CNL Lifestyle Properties to Buy Four […]
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