Long Beach, Calif.-based HCP Inc. (NYSE:HCP) recently bought 30% of a United Kingdom nursing home chain’s junior debt, according to Sky News. In the deal, HCP acquired about £175 million (about $264 million USD) of borrowings from Barchester Healthcare’s property arm at a discount from Isobel, a joint venture between private equity firm The Blackstone Group […]
Terra Firma
Terra Firma, a private equity group, announced on Monday its intentions to buy British nursing home operator Four Seasons Health Care for up to $1.34 billion, reports the New York Times. The deal terms include Terra Firma paying about $1.32 billion up front for Four Seasons. Then, if the company hits its performance targets, according […]