PointClickCare Closes $85 Million Financing Round, Postpones Potential IPO PointClickCare Technologies announced on Wednesday that it has closed an $85 million financing round led by San Francisco-based public and private investment firm Dragoneer Investment Group. JMI Equity also participated in the round. PointClickCare, based in Mississauga, Ontario, Canada, provides cloud-based software and services for the senior living […]
Capital One
AEW Raises $500 Million for U.S. Senior Housing Fund Boston-based AEW Capital Management recently raised about $500 million for its third U.S. senior housing fund, IPE Real Estate reported. AEW aimed for a total equity raise of $500 million, IPE noted, citing a consultant of a pension fund intending to commit to the fund. The total […]
For the second year in a row, merger and acquisition (M&A) activity is expected to be the health care industry’s preferred growth strategy, according to a recent survey of health care company executives and health care industry investors. There is also a strong need for an increase in capital this year, the survey from Capital […]
Capital One Establishes Unitranche Loan Program Capital One (NYSE: COF), with HPS Investment Partners as its strategic co-investor, recently established a new program to originate unitranche loans to middle-market health care companies. The program, through Unitranche Loan Transaction, LLC, will help borrowers to obtain first lien unitranche loans without a syndication process or a rating agency. “In […]
ABP Acquisition LLC Announces Tender Offer Results for Five Star Shares On Nov. 11, ABP Acquisition LLC announced the results of its tender offer to buy as many as 18 million shares of Five Star Quality Care, Inc. (Nasdaq: FVE) at a purchase price of $3.00 per share, net to the seller in cash, without […]
Capital One Closes $10.3 Million in FHA Loans to Refinance Two Illinois SNFs Capital One (NYSE: COF) recently announced that it has provided two fixed-rate HUD 232/223(f) loans totaling $10.3 million to refinance a 131-bed skilled nursing facility in Carbondale, Illinois, and a 70-bed skilled nursing facility in Anna, Illinois. The transaction was originated by Senior Vice […]
CNL Healthcare Properties II Breaks Escrow Orlando, Florida-based CNL Healthcare Properties II, Inc., a non-traded real estate investment trust (REIT) focused on seniors housing and health care properties, has raised proceeds sufficient to break escrow in all states except Pennsylvania, Ohio, and Washington through its continuous public offering. CNL Healthcare Properties II has accepted subscription […]
Capital One Closes $61 Million Term Loan and $12 Million Revolving Credit Facility to CommuniCare Family of Companies Capital One (NYSE: COF) acted as the sole lead arranger and administrative agent for a $61 million syndicated term loan and $12 million syndicated revolving credit facility to affiliates of CommuniCare Health Services. The loan and credit […]
Mainstreet Health Investments Inc. Completes Canadian Public Offering Carmel, Indiana-based Mainstreet, the largest developer of transitional care properties in the United States, announced that its affiliated publicly traded Canadian real estate company, Mainstreet Health Investments Inc. (TSXV: HLP.U), completed its offer and sale of 9.5 million common shares for $95 million in gross proceeds. “We are energized about […]
Welltower Announces Closing of Expanded $3.7 Billion Unsecured Credit Facility Toledo, Ohio-based real estate investment trust (REIT) Welltower Inc. (NYSE: HCN) announced it has closed an approximate $3.7 billion unsecured credit facility, consisting of a $500 million term loan, a $3 billion revolving line of credit and a CAD 250 million term loan ($193.5 million at exchange […]
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