TOLEDO, Ohio — Health Care REIT Inc. (NYSE: HCN) has completed its underwritten public offering of 17 million shares of common stock at $75.50 per share. HCN granted the underwriters an option to purchase up to an additional 2.5 million shares during the next 30 days.
CARMEL, Ind. – Mainstreet, the nation’s largest developer of post-acute health care properties, has added six new hires.
SAN RAFAEL, Calif. — Ziegler, a specialty investment bank, has closed a $6.36 million BBB+ (Fitch) rated, tax-exempt Series 2015A and $275,000 Taxable Series 2015B bonds for the Aldersly Garden Retirement Community.
PROSPER, Texas — Dallas-based Tribute Senior Living will begin construction this spring on an advanced memory care and seniors living community at the corner of Preston Road and Broadway in Prosper, Texas. Upon completion in 2016, the 60,000-square-foot community will be home to 100 residents.
BUFFALO, N.Y. — Almost Family, Inc. (Nasdaq: AFAM), a provider of home health nursing services, has signed a definitive agreement to acquire the stock of WillCare HealthCare. Buffalo-based WillCare, a provider of skilled home health and personal care services, generated $72 million in revenue in 2014 and currently operates 16 branch locations in three states. With this acquisition, Louisville, Ky.-based Almost Family will operate over 230 branches across 15 states. The company expects its annual net revenue run rate to approach $600 million.
BALTIMORE — Capital Funding LLC has closed two loans for assisted living facilities: a Bridge-to-HUD loan for the acquisition of Hidden Oaks Assisted Living and a Bridge-to-HUD loan for the cash out refinance of Lamplight Inn of Fort Wayne.
KNOXVILLE, Tenn. — Capital Finance, LLC is funding of a revolving line of credit to Knoxville Healthcare LLC. Capital Finance is the sole lender in the deal, which totals $2 million.
KENSINGTON, Md. — Prudential Mortgage Capital Company, the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU), has provided a $41 million loan to Fountain Square Properties to refinance Kensington Park, a Class A independent, assisted and memory care community located in Kensington, Md.
CHICAGO — Ziegler, a specialty healthcare investment bank and broker-dealer, has hired Eric Smith, managing director; Chris Claps, senior vice president; and Dan Contardi, vice president. The three comprise a newly formed specialty healthcare private equity practice.
LOS ANGELES — Architecture and planning firm KTGY Group, Inc., has added seniors housing industry veteran Doug Ahlstrom as a director to lead and expand the firm’s Los Angeles 55+ Studio.