Senior Housing Finance Activity: Mainstreet Health Investments, Capital One

Mainstreet Health Investments to Seek $95 Million in Canadian Share Offering Toronto-based Mainstreet Health Investments Inc. is planning to raise $95 million by listing on the Toronto Stock Exchange and selling shares in Canada. Mainstreet Health Investments, which owns 11 seniors housing and care properties in Illinois, is controlled by Carmel, Indiana-based real estate developer Mainstreet Property Group. […]

Senior Housing Investments & Transactions: Spectrum Professional Services, Ensign

Spectrum Professional Services Acquired by Beecken, Sunrise JVBeecken Petty O’Keefe & Company, a Chicago-based private equity firm that invests exclusively in health care companies, has acquired Maryland-based Spectrum Professional Services, a leading provider of rehabilitative therapy management and consulting services with more than 500 customers across the United States. Further investment in the transaction was provided by […]

Sunrise Senior Living Names CEO Mark Ordan’s Successor

Sunrise Senior Living, LLC announced Thursday that Penny McIntyre will succeed Mark Ordan as the company’s chief executive officer, effective November 18, 2013. The board-appointed replacement represents an expected transition following Ordan’s announcement last November that he would depart the role following the sale of Sunrise to Health Care REIT.  McIntyre has more than 20 […]

Sunrise Senior Living’s Management Company Business Acquired for $130 Million

Kohlberg Kravis Roberts & Co. L.P., Beecken Petty O’Keefe & Company, and Coastwood Senior Housing Partners LLC will acquire the management company business of Sunrise Senior Living (NYSE:SRZ) for approximately $130 million, Health Care REIT (NYSE:HCN) announced on Friday, Sept. 14. For its part, HCN will invest approximately $26 million for a 20% interest in […]