Toledo, Ohio-based Health Care REIT (NYSE:HCN) recently acquired a 155-bed senior living facility in Jupiter, Fla. from an affiliate of Chicago-based Senior Lifestyle Corp. in a sale-leaseback transaction. Senior Lifestyle Jupiter sold Mangrove Bay, located on a 6.52 acre property, in a $49.4 million transaction, according to the South Florida Business Journal. The sale price has […]
Category: Acquisitions
Athena Health Care Systems acquired two Massachusetts senior care facilities last month for a total of $23 million, according to HartfordBusiness.com. The Farmington, Conn.-based nursing home operator acquired Radius HealthCare Centers, which includes nursing homes in Worcester and Southbridge, according to the state Registry or Deeds. The Radius facility at Southbridge is a 48,602-square-foot building […]
Here’s a collection of some smaller senior housing and care acquisitions that were announced in the past couple of weeks: AdCare Acquires Ark. Senior Care Facility for $6.3 Million Long-term care provider AdCare Health Systems, Inc. (NYSE:ADK) has signed a purchase agreement to acquire a Little Rock, Arkansas-area skilled nursing facility for $6.3 million. AdCare […]
Sunrise Senior Living Investments, Inc. (SSLII), a wholly-owned subsidiary of Sunrise Senior Living (NYSE:SRZ), has completed two buy-outs of joint venture holdings for a total $171 million, according to an 8-K filed Wednesday. On Oct. 1, 2012, SSLII completed its approximately $53 million purchase of an 80% interest held by HVP Sun Investor II LLC, […]
***Updated An affiliate of Formation Capital has acquired a portfolio of senior care properties, including Harbor Beach Nursing and Rehabilitation Center in Fort Lauderdale, Fla., for $100 million reports the South Florida Business Journal. Public records indicate that the affiliate, Decathlon RE Harbor Beach, is managed by Christina Firth, of Georgia, who oversees Florida transactions for Formation […]
National Health Investors, Inc. (NYSE:NHI) recently announced the $12 million acquisition of a 181-unit senior living campus in Loma Linda, Calif. The community has 98 independent living units and 83 skilled nursing beds. The transaction was funded from available cash and from borrowings on NHI’s revolving credit facility. Chancellor Health Care, LLC, will lease and […]
Private equity and public capital drive the majority of senior housing financing transactions, but because of the different asset types each “heavyweight” generally prefers, there’s room in the industry for both. It’s similar to comparing Oscar De La Hoya to George Foreman: Both were boxing champions in their respective weight classes, but you didn’t see […]
Healthcare real estate investment trust Sentio Healthcare Properties recently acquired a four-property portfolio of assisted living communities located in Illinois and Texas for $49 million. The acquisition is structured as a joint venture with an affiliate of Vancouver, Wash.-based JEA Senior Living, which will continue to operate the communities on behalf of the venture. The […]
Life Care Services registered a pretty large blip on our radar back in April when it put some skin into the game by investing in luxury senior community the Clare along with Senior Care Development through their new joint venture, Chicago Senior Care. We’ve previously spoken with David Reis, the CEO of Senior Care Development […]
Here’s a collection of some smaller acquisitions and investments made in the past few days by senior healthcare providers and investors. Ensign Acquires Two California Senior Care Facilities The Ensign Group, Inc. (NASDAQ:ENSG) recently announced the acquisition of Atlantic Memorial Healthcare Center, a 104-bed skilled nursing facility, and Shoreline Healthcare Center, a 75-bed skilled nursing […]
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