Transactions

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…

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,…

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…

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…

The Ensign Group Acquires Home Health and Hospice Operations in San Antonio, Texas

MISSION VIEJO, CA–The Ensign Group, Inc. (NASDAQ: ENSG), the parent company of the Ensign™ group of skilled nursing, rehabilitative care services, home health care, hospice care, medical transportation, and assisted living companies, announced today that a subsidiary of Cornerstone Healthcare,…

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…

The Ensign Group Acquires California Skilled Nursing Facility

MISSION VIEJO, CA–The Ensign Group, Inc. (NASDAQ: ENSG), the parent company of the Ensign™ group of skilled nursing, rehabilitative care services, home health care, hospice care and assisted living companies, announced today that it acquired the operations of Downey Care Center,…

29th Street Capital Acquires Shekinah Home, an Assisted Living Community in Norcross, Georgia

NORCROSS, GA–29th Street Capital (29SC), a privately-held real estate investment and advisory firm, has acquired Shekinah Home, a community for seniors in Norcross, GA. The new owner plans to improve the quality of life and increase activities for the residents…

WellSky Acquires HCS, Entering Long-Term Acute Care and Inpatient Behavioral Health Markets

LENEXA, KS–WellSky, a leading health and community care technology company backed by TPG Capital, and Health Care Software, Inc. (HCS), a leading provider of integrated clinical and financial IT software for long-term and post-acute care providers, announced Feb. 27 that…

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…