The Ensign Group (NASDAQ: ENSG) acquired Symbii Home Health and Hospice, a home health and hospice agency with branches in Utah. Effective as of May 15th, 2011, the company will be operated by a subsidiary of Conerstone Healthcare, Ensign’s home health and hospice-based portfolio subsidiary. “We are pleased with the growth and development of our home […]
Category: Acquisitions
Atria Senior Living has completed a deal to merge its senior living portfolio with Ventas (NYSE: VTR). As part of the agreement, Atria will manage the portfolio of 118 senior living communities acquired by Ventas. Ventas acquired the portfolio valued at more than $3.1 billion through mergers of Atria Senior Living Group, Inc. (ASLG) using […]
Atlanta-headquartered ARA recently announced the sale of Granite Gate, a 116-unit/129-bed community located in Prescott, Arizona for $25.6 million. The four-story community consists of 91 independent and assisted living units, and 25 memory care units. Built in 1996 and last renovated in 2006, Granite Gate is located in the breathtaking Granite Dells of Prescott, Arizona. […]
AdCare Health Systems, Inc. (NYSE Amex: ADK) announced the closing of a previously announced acquisition of two skilled nursing facilities in Dublin and Marietta, Georgia, with the remaining third facility of this group located near Atlanta expected to close by end of May. The three facilities have an aggregate of 335 beds generating $16.4 million […]
Leisureworld Senior Care Corporation (TSX:LW) completed the acquisition of two Royalton retirement residences in Kingston and Kanata, Ontario on Thursday. LW paid $89 million for the two facilities (294 suites total) after working capital adjustments and a holdback of $5.5 million to be held in escrow as an income guarantee to complement cash flow from […]
Bayside Communities, LLC has acquired the general partner interests in 20 multi-family properties that were part of bankrupt A.F. Evans Development, Inc.’s affordable/senior housing portfolio. The portfolio includes 2,135 units located in California, Washington and Oregon. In addition, Bayside said it will be acquiring general partner interests in another 12 properties from the A.F. Evans portfolio as […]
Grubb & Ellis Healthcare REIT II announced it has acquired three different buildings, the Yuma Skilled Nursing Facility in Yuma, Ariz., Hardy Oak Medical Building in San Antonio, and Lakewood Ranch Medical Office Building in Bradenton, Fla. “The acquisition of these properties was attractive to Grubb & Ellis Healthcare REIT II due to their proximity to […]
Affiliates of Senior Lifestyle Corporation and AEW Capital Management, L.P. (AEW) announced the acquisition the Carlisle Palm Beach, an in independet and assisted living community in Florida. The acquisition is the sixth Florida based location it manages and one of 85 properties across the country. AEW acquired the property on behalf of AEW Senior Housing Investors, […]
SK3 Group (PINK SHEETS:SKTO) announced it has signed a definitive agreement to acquire Northwood’s Village Assisted Living, LLC of Tomahawk, Wisconsin for an undisclosed amount. The planned assisted living community will be housed in the building and grounds of the former Sacred Heart Hospital. The building and parking areas of the proposed Northwood’s Village campus […]
HCP (NYSE:HCP) said it closed on the acquisition of 334 post-acute, skilled nursing and assisted living facilities of HCR ManorCare for $6.1 billion in cash on Friday. As part of the deal, HCP entered into a long term triple-net master lease where HCR ManorCare will continue to operate the facilities. The company also paid $95 million for a […]