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.
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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.
TOLEDO, Ohio — Health Care REIT, Inc. (NYSE: HCN) has priced 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.
TOLEDO, Ohio — Health Care REIT, Inc. (NYSE:HCN) has announced, based on investments closed thus far in the first quarter and potential investments with preliminary documentation, anticipates completing approximately $2.2 billion of investments in the first quarter of 2015.