Mergers/Acquisitions

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 …

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LTC Inks $17 Million Sale-Leaseback JV Partnership in Virginia

WESTLAKE VILLAGE, CA–LTC Properties, Inc. (NYSE:LTC), a real estate investment trust investing in seniors housing and health care properties, today announced it has entered into a real estate joint venture relationship with an affiliate of English Meadows Senior Living Communities to acquire English Meadows Abingdon Campus in Abingdon, VA, for approximately $17.0 …

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Tryko Partners Acquires Collingswood Healthcare & Rehabilitation Center in Rockville, Md.

ROCKVILLE, MD–Private equity investor Tryko Partners has expanded into the southern Maryland skilled nursing community with the acquisition of a 160-bed facility in Rockville. Marquis Health Services, the firm’s healthcare affiliate, has assumed operations of Collingswood Rehabilitation & Healthcare Center with plans to launch a $4.5 million renovation and programming …

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Waterton Acquires Controlling Interest of Senior Housing Owner/Operator Pathway to Living

CHICAGO–Waterton, a Chicago-based real estate investor and operator, announced today it has acquired a controlling interest in Pathway to Living operating company, a Chicago-based owner and operator of senior living communities with an established senior living brand and a well-respected operating and investment track record spanning over 20 years. Similar to Waterton, Pathway to Living …

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