Sales Atlas Senior Living Acquires Community in Mississippi Atlas Senior Living has acquired The Claiborne at Adelaide, a senior living community in Starkville, Mississippi. The community offers independent living, assisted living, and memory care services with a focus on providing personalized care and services. With the deal, the senior living operator’s footprint in has expanded […]
Category: Acquisitions
Investors and owners closed fewer deals in the first quarter of this year as interest rates and other economic conditions continue to make senior living transactions harder. In the first quarter of 2023, the number of publicly announced mergers and acquisitions fell to just 98, representing a 13% drop from the 112 deals announced in […]
Transactions Eskaton Exits Skilled Nursing, Narrows Focus to Senior Services and Residential Living Eskaton announced its exit from the standalone skilled nursing sector with the sale of three skilled nursing communities that are not part of a larger residential living community in a deal valid north of $35 million, according to the Sacramento Business Journal. […]
While senior housing M&A activity hit a record high last year, in 2023 dealmaking has slowed significantly as broader economic challenges make transactions harder to execute. Interest rates are a primary source of pain for many companies in the first half of the year, and that in effect has driven up the cost of capital […]
Ventas (NYSE: VTR) on Friday announced that it intends to take ownership of the collateral that supports its approximately $486 million cash-pay mezzanine loan to Santerre Health Investors. The move will give the REIT full ownership of 16 “large-scale” communities in its senior housing operating portfolio (SHOP), representing nearly 20% of the NOI of the […]
Sales Blueprint Arranges Sale of Memory Care Community Blueprint Healthcare Real Estate Advisors announced it arranged the sale of a newly-developed senior living community in Virginia. The community – called Arbor Terrace Fairfax – is a 48-unit/54-bed memory care community in Fairfax County, Virginia that was developed by Capital Seniors Housing in partnership with the […]
Nearly one year after Lifespace Communities filed for Chapter 11 bankruptcy, ownership and management of its Edgemere community has changed hands. Bay 9 Holdings, an affiliate of Lapis Advisers, is set to buy Edgemere and task operator Long Hill at Edgemere, a wholly-owned subsidiary of United Methodist Homes, with managing the community. Shelton, Connecticut-based Long […]
Bloom Senior Living is offloading its skilled nursing and behavioral health assets in part to fund its future growth and focus on senior living. Bloom’s parent company, Kandu Capital, announced the sale of two skilled nursing facilities and management of a mental health and rehabilitation center in California for just under $71 million or about […]
AlerisLife is no longer a publicly traded entity, as the acquisition of Newton, Massachusetts-based senior living provider by ABP Acquisition LLC is complete, the companies announced on Monday. AlerisLife is now a subsidiary of ABP after the company completed the previously-announced tender offer to acquire all outstanding shares of common stock of AlerisLife for $1.31 […]
By Zahida Siddiqi ProMedica is selling its Heartland hospice and home care service line to hospice giant Gentiva for $710 million. The deal, announced Monday, comes on the heels of nonprofit health system ProMedica divesting of nearly 150 skilled nursing facilities in a deal involving Welltower (NYSE: WELL) and Integra Health. ProMedica still operates about […]
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