Transactions

Inspirit Senior Living Announces Acquisition Of Two Ohio Facilities

CUYAHOGA FALLS, OH–Inspirit Senior Living today announced that it has acquired two seniors housing facilities in Ohio, marking the first expansion into the Midwest for the Virginia-based corporation. The Gardens of Cuyahoga Falls and The Gardens of Liberty Park (formerly the Gardens of Western Reserve)…

LCS Acquires Arbor Glen CCRC in New Jersey

DES MOINES, IA–LCS announced today the company acquired Arbor Glen, a Life Plan Community, formerly referred to as a Continuing Care Retirement Community (CCRC) located in Bridgewater, NJ. At time of closing, the community’s name changed from Arbor Glen to…

Tryko Partners/Marquis Health Services Expands Skilled Nursing Presence in Baltimore Region with Two Facility Acquisitions

CATONSVILLE and TOWSON, MD–Tryko Partners LLC has expanded its presence in the Baltimore-area skilled nursing community with the acquisitions of two facilities totaling 254 beds. Marquis Health Services, the firm’s healthcare affiliate, has assumed operations for Meadow Park Rehabilitation and…

Altercare Completes Acquisition of Ohio-based Greystone Healthcare Management facilities with the inclusion of Cambridge & Coshocton centers

NORTH CANTON, OH–Altercare Integrated Health Services (Altercare) completed their agreement to acquire the operations of eight Ohio-based centers managed by Greystone Healthcare Management on June 1, 2018, with the addition of two remaining facilities in Cambridge and Coshocton. The previous…

Omega Receives Approval to Transition Majority of Orianna Portfolio; Signature Portfolio Restructuring Completed

HUNT VALLEY, MD–Omega Healthcare Investors, Inc. (NYSE:OHI) (“Omega”) today announced that it has received court approval to begin the orderly transition to new operators of 23 of the 42 facilities currently operated by its tenant, 4 West Holdings, Inc. (together…

NHI Purchases Two Skilled Nursing Facilities for Ensign Portfolio

MURFREESBORO, TN–National Health Investors, Inc. (NYSE: NHI) announced that it has acquired two skilled nursing facilities (“SNF”) in Texas for $29 million and will lease the facilities to affiliates of The Ensign Group, Inc. (“Ensign”). The newly acquired facilities will…

Greystone Closes $75 Million FHA Loan for Acquisition of 561-Bed Skilled Nursing Facility Portfolio in NY

NEW YORK–Greystone, a commercial real estate lending, investment, and advisory company, announced it has provided a $75 million loan for the acquisition of the Optima Portfolio of skilled nursing facilities including Brookside Multicare in Smithtown, New York; White Plains Center…

The Ensign Group Acquires Texas Post-Acute Care Campus

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 real estate and operations of Grace…

NHI Acquires 5 Assisted Living and Memory Care Communities For $69.75 Million

MURFREESBORO, TN–National Health Investors, Inc. (NYSE: NHI) announced today that it has acquired five assisted living/memory care communities totaling 320 units for a total investment of $69,750,000, inclusive of $500,000 in capitalized transaction costs and $1,750,000 for capital improvements. The…

QCP Enters into Definitive Agreements with ProMedica and Welltower

BETHESDA, MD–Quality Care Properties, Inc. (NYSE: QCP) (“QCP”) announced that it has entered into an agreement with ProMedica Health System, Inc. (“ProMedica”), under which ProMedica will assume the rights and obligations of QCP pursuant to the original plan sponsor agreement between…