Mergers/Acquisitions

YEADON, PA–Tryko Partners, LLC continues to grow its presence in the Philadelphia skilled nursing community with the acquisition of ManorCare Health Services at Mercy Fitzgerald Hospital in Yeadon. Marquis Health Services, the company’s healthcare affiliate and a third-generation nursing home operator, will orchestrate a more than $2.5 million renovation of …

MADISON, WI–American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced today the REIT has completed the acquisition of the 254-bed, two-property Central Wisconsin Senior Care Portfolio for approximately $22.6 million. The portfolio’s properties are located in the Madison suburbs of Waunakee and Sun Prairie, WI. Central Wisconsin Senior Care Portfolio totals …

CINCINNATI–CommuniCare Health Services now manages 13 senior living facilities in Ohio previously under the management of Columbus-based Atrium Centers. Through this acquisition, CommuniCare, a privately held company headquartered in Cincinnati, grows to more than 80 healthcare centers in seven states—Indiana, Maryland, Missouri, Ohio, Pennsylvania, Virginia and West Virginia. “It’s fulfilling to be able to extend our reach, …

SALT LAKE CITY–Strategic Student & Senior Housing Trust, Inc., a private real estate investment trust sponsored by SmartStop Asset Management, LLC (SmartStop), announced today its acquisition of a portfolio of three senior housing communities consisting of 294 units located in the greater Salt Lake City area. “The acquisition of the Salt Lake City assisted …

MOUNT PLEASANT, SC–Wayfinder Holdings, LLC, has announced the acquisition of Autumn Cove Assisted Living and Memory Care, a 65-unit senior living community in Anniston, AL. Eric Hadley, president of Wayfinder Management, says, “Autumn Cove is simply a great fit — a well-respected, single-site community that will nicely be in tandem with our …

MURFREESBORO, TN–Inspirit Senior Living today announced that it has acquired two seniors housing facilities previously owned and operated by Sunnington LLC and Sunnington II, LLC. The Rutherford Assisted Living and Rutherford Memory Care (formerly Sunnington Assisted Living and Sunnington Memory Care, respectively) mark the fifth and sixth acquisitions for Virginia-headquartered Inspirit, a new venture …

WESTLAKE VILLAGE, CA–LTC Properties Inc. (NYSE: LTC), a real estate investment trust that invests in seniors housing and health care properties, today announced it entered into a real estate joint-venture relationship with an affiliate of Affinity Living Group to acquire The Inverness at Spartanburg, an 87-unit assisted living and memory …

TOLEDO, Ohio–Welltower Inc. (NYSE: HCN) today announced it has entered into a definitive agreement to acquire a portfolio of rental continuing care retirement communities (CCRCs). The transaction comprises four communities offering a full continuum of care including independent living, assisted living, memory care and post-acute care concentrated in attractive markets within the Washington …

LOUISVILLE, KY–Humana Inc. (NYSE: HUM) today announced it has signed a definitive agreement to acquire a 40 percent minority interest in the Kindred at Home Division (Kindred at Home) of Kindred Healthcare, Inc. (NYSE: KND), the nation’s largest home health provider and second largest hospice operator, for estimated cash consideration …

CHICAGO–Ventas, Inc. (NYSE: VTR) said today that it supports the acquisition of leading healthcare provider Kindred Healthcare, Inc. (NYSE: KND) (“Kindred”) by a consortium (the “Consortium”) of TPG Capital (“TPG”), Welsh, Carson, Anderson & Stowe (“WCAS”) (together, the “Sponsors”) and Humana Inc. (NYSE: HUM) (“Humana”). Ventas has been a long-standing …