Mergers/Acquisitions

Ascend Partners Announces New Luxury Senior Living Community in West San Antonio

SAN ANTONIO–Ascend Partners, LLC announced April 1, 2019, that it has acquired Lakeside Assisted Living, a San Antonio senior living community, and is reopening it as The Grandview of Westover Hills, Ascend’s newest boutique senior living experience. The Grandview of Westover Hills offers 42 assisted living and 18 memory care apartments with premium accommodations, resort-style amenities, and …

Read More »

Northstar Commercial Partners Continues to Expand in Senior Care, Announcing Purchase of Assisted Living Home in California

DENVER–Today, Northstar Commercial Partners is pleased to announce their purchase of Vista Gardens, a senior living facility based in Vista, CA, San Diego County for $22.8 million. Built in 2011, the 43,996- square-foot facility has 99 beds, comprised of both private and semi-private rooms, with tenant occupancy at 94%. The living space is just …

Read More »

Avamere Acquires Community in South Ogden, Utah

WILSONVILLE, OR–The Avamere Family of Companies, a group of leading senior living and healthcare companies, is pleased to announce their acquisition of a senior living community in South Ogden, Utah as of April 1, 2019. “We are excited to welcome Avamere at Mountain Ridge to continue their already outstanding quality of care,” said Matt Hilty, Executive …

Read More »

Summit Healthcare REIT, Inc. Acquires an Interest in 14 Skilled Nursing/Assisted Living Facilities in Indiana

LAKE FOREST, CA–Summit Healthcare REIT, Inc. (“Summit”) announced that it has acquired an interest in 14 skilled nursing/assisted living facilities throughout Indiana on March 13, 2019. The facilities, acquired for $125 million, consist of a total of over 1,100 licensed beds and will be leased back to the seller on a triple net basis. The acquisition was made through a newly …

Read More »

KKR Completes Acquisition of Brightspring Health Services

LOUISVILLE, KY–Global investment firm KKR and BrightSpring Health Services (“BrightSpring”), one of the largest home and community-based health services providers, announced today that KKR has closed on its acquisition of BrightSpring. As part of this transaction, BrightSpring has merged with PharMerica Corporation (“PharMerica”) to now become a leading provider of …

Read More »

CareTrust REIT Expands in California

SAN CLEMENTE, CA–CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that it acquired a 503-bed, four-property skilled nursing portfolio in California in a sale-leaseback transaction with subsidiaries of Covenant Care, Inc. As part of the transaction, CareTrust and Covenant Care entered into a new master lease, which combined the four newly-acquired facilities …

Read More »