Emerald Square Assisted Living was purchased for $3 million by an unnamed private equity fund based out of Dallas, TX, last week. Based in Oklahoma City, OK, the property is a 73-unit assisted living facility that was previously owned by Sunwest Management, an Oregon based operator that filed for bankruptcy protection in 2009. “We are […]
Category: Acquisitions
Triad Senior Living announced the acquisition of the University Village retirement community in Tulsa for $5.5 million and the assumption of certain long term financial obligations. The 38-acre retirement campus offers rental cottages, independent & assisted living apartments and a dedicated healthcare center. The entire community is managed by Triad Aspen Partners, a newly formed management […]
Senior Housing Properties Trust (NYSE: SNH) announced it has agreed to purchase nine senior living rental communities for $478 million from Vi as Classic Residence by Hyatt. As part of the deal, SNH assumed $164 million of mortgage debt on certain communities. The nine communities include 2,226 living units: 1,708 independent living apartments, 471 assisted […]
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 […]
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 […]
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