Long-term care provider Kindred Healthcare, Inc. (NYSE:KND) announced on Monday that it had signed a definitive agreement to acquire home healthcare provider IntegraCare Holdings, Inc., a portfolio company of private equity firm Flexpoint Ford LLC, for a purchase price of $71 million in cash plus up to $4 million more based on 2013 earnings. The […]
Category: Acquisitions
Health Care REIT, Inc. (NYSE:HCN) announced on Wednesday that it will acquire all of the approximately 58.3 million outstanding common stock of national senior living chain Sunrise Senior Living (NYSE:SRZ) for $14.50 per share in an all-cash transaction, totaling about $845 million. The Toledo, Ohio-based REIT will acquire Sunrise’s 20 wholly-owned senior housing communities along […]
Care.com announced on Tuesday that it has acquired Breedlove & Associates, the largest provider of comprehensive household payroll, tax, and compliance services in the U.S., in a move that further solidifies the world’s largest online care destination as a one-stop-shop for senior care resources. Terms of the transaction were not disclosed. Stephanie and Bill Breedlove, […]
Hartford, Conn.-based Aetna (NYSE:AET), one of the nation’s biggest health insurers, plans to buy fellow insurer Coventry Health Care (NYSE:CVH) in a $5.7 billion deal that will substantially bolster its Medicaid enrollment leading up to the Affordable Care Act’s Medicaid expansion. The total transaction is valued at $7.3 billion, including the assumption of Coventry’s debt. […]
Subsidiares of Manhattan, N.Y.-based Newcastle Investment Corp. recently purchased an eight-property portfolio of senior housing properties from Portland, Ore.-based BPM Senior Living for a purchase price of $143 million plus related expenses. Oak Grove Capital originated an $88.4 million Fannie Mae DUS credit facility for Newcastle to fund the acquisition. The credit facility consists of […]
National Health Investors, Inc. (NYSE:NHI) announced on Wednesday that it had acquired a senior living community in Silverdale, Wash. for $25.2 million. The healthcare real estate investment trust funded the purchase with borrowings on its revolving credit facility. The transaction is expected to close later this week upon final licensing approval. The 138-unit community provides independent […]
Vancouver, Wash.-based Prestige Care, Inc. announced on Monday its plans to expand its footprint by acquiring the ownership and management of nine skilled nursing and rehabilitation centers located in Washington, Oregon, and Idaho. The senior care communities were formerly operated by Eagle Healthcare and will transition to Prestige ownership and operational management on Oct. 1, […]
Washington, D.C.-based asset management company The Carlyle Group recently acquired a senior living community in Jacksonville, Fla., for $19 million, reports the local Business Journal. The community, Brighton Bay, was sold by a subsidiary of Wells Fargo & Co. (NYSE:WFC). Third-party management company Leisure Care has been brought on to operate the community. Written by Alyssa […]
Energy Edge Technologies Corp (OTC:EEDG) announced on Aug. 6 the signing of an agreement to acquire 51% of International Properties, Inc., the owner and developer of active adult community Saddlebrook River Estates, located in Tennesee. The acquisition is for stock only and will be completed utilizing shares of EEDG insiders. It will be non-dilutive to […]
On August 1, Trilogy Health Systems sold an Indiana senior care facility to a joint venture between YAM Management and a private REIT for $12.85 million, in a transaction represented by Ryan Saul of Senior Living Investment Brokerage Inc. The purchaser acquired the skilled nursing facility to diversify into Indiana and capitalize on the high […]
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