Ziegler Closes $34.49 Million Bond Issue on Behalf of UMRH Chicago-based speciality investment bank Ziegler announced the successful closing of the $34,485,000, tax-exempt, fixed-rate Series 2016A Bond issue on behalf of The United Methodist Retirement Homes (UMRH). UMRH, a Life Care Services partner since 2000, is a multi-site operator of three continuing care retirement communities […]
Kindred Healthcare
IPA Closes Record Sale of 33 SNFs in Texas Institutional Property Advisors (IPA), a division of Marcus & Millichap that specializes in serving institutional and major private real estate investors, sold 33 skilled nursing facilities (SNFs) in South Central Texas. The transaction is the largest seniors housing sale on record in the state, according to […]
Louisville, Kentucky-based Signature HealthCare LLC has acquired the skilled nursing assets of Elmcroft Senior Living, effectively adding 18 skilled nursing and rehabilitation centers to Signature’s holdings, Louisville Business First reported. Financial terms of the transaction were not disclosed. “This strategically works better for us,” Elmcroft CEO Pat Mulloy tells Senior Housing News. “The largest portion of […]
It appears that Mainstreet has some emerging competition in the transitional care space, as a pair of new entrants embark on an aggressive pipeline to develop several short-term rehabilitation facilities primarily located in the Southwest. National Healthcare Realty (NHR), a development company formed earlier this year with a focus on health care verticals, will build 20 […]
Providers across the senior care spectrum are tapping into the home health market to expand their services, as evidenced by LexisNexis’ 2015 rankings of the leading providers of home health in the United States. Brookdale Senior Living (NYSE: BKD) snagged a spot among the top-10 home health providers, and it’s not the only company with […]
Goldman Sachs naming Brookdale Senior Living (NYSE: BKD) as one of six top acquisition targets in the health care sector earlier this week has refueled conversation about the future of the major senior living provider. But the Goldman report left one big question unanswered—who might the buyer be? No potential buyers stand out from the […]
Ventas Inc. (NYSE: VTR) posted strong quarterly results Friday and increased its guidance for the year, thanks largely to a senior housing portfolio that — so far — has not suffered from concerns around supply and other potential market challenges. The Chicago-based real estate investment trust (REIT), one of the largest senior housing owners in […]
The number of home health mergers and acquisitions dipped to start 2015, but valuations are up and more types of buyers are vying for deals than in recent years — including senior living and long-term care players. “In the last three years, we’ve seen the long-term care companies come in,” says Mark Kulik, managing director at The […]
Senior living providers have been eyeing home health operators in recent years, forging partnerships and undertaking acquisitions to extend services into this part of the care continuum. But while there are compelling reasons for senior living companies to get into the home health game, that sector faces some steep challenges: Profit margins for U.S. home […]
Construction: Planned Avanti Senior Living Plans Two New Luxury Communities for La. Avanti Senior Living, a development, operations and management company, is planning to expand into Louisiana’s Baton Rouge and Lafayette markets later this year with two new luxury assisted living communities. In Baton Rouge, the Woodlands, Texas-based company plans to break ground on a […]
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