Brookdale Senior Living (NYSE: BKD) completed the acquisition of Horizon Bay Realty, the ninth largest operator of senior living communities. Announced earlier this year, the deal provides Brookdale with 91 communities containing over 16,400 units across 19 states. In addition to the deal, the company entered into an agreement to restructure the management contracts with […]
Category: Acquisitions
The Ensign Group, Inc. (NASDAQ:ENSG) recently announced its acquisition of the underlying real estate and other operating assets of two California skilled nursing facilities, effective Aug. 23. Whittier Hills Healthcare Center is a 160-bed facility located in Whittier, Calif. Ukiah Health Care Center has 57 beds and is located in Ukiah, Calif. Both facilities have […]
Sunrise Senior Living Investments, Inc. recently entered into a purchase and sale agreement with Master MorSun Acquisition LLC to purchase MorSun’s 80% ownership interest in a joint venture that indirectly owns seven senior living facilities. Sunrise already owns the other 20% of the ownership interest in these facilities, and purchased the remainder for approximately $52 […]
AdCare Health Systems (NYSE:ADK) announced Monday it has signed a definitive agreement to purchase a skilled nursing and assisted living community in Mountain View, Arkansas for $4.2 million. In aggregate, the facilities have 129 beds that generated an estimated $5.2 million in annualized revenue. Expected to close in the fourth quarter of 2011, AdCare plans […]
Kindred Healthcare, Inc. (NYSE: KND) announced its subsidiary signed a definitive agreement to acquire the equity of Professional HealthCare for $51 million in cash. Professional is a provider of home health, hospice, and private duty nursing services and durable medical equipment with 27 locations in California, Arizona, Nevada, and Utah. According to Kindred, the company is generating […]
AdCare Health Systems said it has signed a definitive agreement to purchase a skilled nursing and assisted living community in Ohio for $13.5 million. The community has 193 beds and generates an estimated $12 million in gross annualized revenue said AdCare in a statement. Expected to close before the end of the year, AdCare plans […]
An investor group led by affiliates of Westport Capital Partners LLC recently announced it has closed on the sale of a senior housing property to a publicly traded senior housing property owner-operator. The property, The Inn at Fillmore Pond, represents the fourth and final sale of a four-facility portfolio, acquired in April 2007 by the […]
The Ensign Group, Inc. (NASDAQ: ENSG) recently announced its acquisition of Oceanview Healthcare and Rehabilitation Center, a skilled nursing facility located in Texas City, Tex. The 134-bed facility, which had an occupancy rate of approximately 70% at the time of the Aug. 1 acquisition, will be operated by a Keystone operating subsidiary. “The Oceanview acquisition […]
Tryko Partners announced it has acquired the Kearsley Apartments and Kearsley Square and skilled nursing services at Kearsley Long Term Care for $8 million. The Kearsley campus has been part of the NewCourtland Network since 2004. Overlooking the Bala Golf Course, all three properties are located on a 13-acre campus at 2100 N. 49th St. Kearsley Apartments features […]
American Realty Capital Healthcare Trust, Inc. recently announced that it has entered a contract to acquire 12 healthcare facilities for an aggregated $257.5 million purchase price. The facilities include three rehabilitation hospitals, two ambulatory surgery center/medical offices, two hospital/medical office buildings, three post-acute care rehabilitation facilities, one long-term acute care hospital, and one medical office […]
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