Skilled Nursing

Capital One Provides $162.5M Credit Facility for Palm Garden Healthcare

by Jeff Shaw October 26, 2016

SARASOTA, FLA. — Capital One Financial Corp. has provided a $162.5 million senior secured credit facility for Palm Garden Healthcare.

October 26, 2016

Development News Skilled Nursing

Wagman Completes Skilled Nursing Conversion in Pennsylvania

by Jeff Shaw October 26, 2016

LANCASTER, Pa. — Wagman Construction has completed the conversion of the Brethren Village independent living community into a 20-bed skilled nursing facility in Lancaster.

October 26, 2016

Legal Issues News Skilled Nursing

Life Care Centers of America Settles Medicare Claims Lawsuits for $145M

by Jeff Shaw October 25, 2016

CLEVELAND, Tenn. — Life Care Centers of America Inc., an operator of more than 220 skilled nursing, assisted living and memory care communities in the United States, has agreed to settle a government lawsuit against the company and its owner and founder, Forrest Preston, for $145 million.

October 25, 2016

Company News News Skilled Nursing

HCP Board Approves Skilled Nursing Spinoff

by Jeff Shaw October 14, 2016

IRVINE, Calif. — The HCP (NYSE: HCP) Board of Directors has approved the previously announced spinoff of the company’s HCR ManorCare skilled nursing and assisted living assets.

October 14, 2016

News Skilled Nursing

AdCare Sells Nine Skilled Nursing Facilities in Arkansas for $55M

by Jeff Shaw October 7, 2016

ATLANTA — AdCare Health Systems Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) has sold nine of its skilled nursing facilities in Arkansas for $55 million.

October 7, 2016

News Skilled Nursing

JCH Arranges Sale of Six-Property Skilled Nursing Portfolio in Central California

by Jeff Shaw October 7, 2016

ANAHEIM HILLS, Calif. — JCH Consulting Group has arranged the sale of six skilled nursing facilities in Central California for an undisclosed price.

October 7, 2016

News Skilled Nursing

SLIB Brokers Sale of 144-Bed Skilled Nursing Facility in South Carolina for $10.1M

by Jeff Shaw October 4, 2016

GREER, S.C. — Senior Living Investment Brokerage (SLIB) has arranged the $10.1 million sale of The Cottages at Brushy Creek, a 144-bed skilled nursing facility in the Greenville suburb of Greer.

October 4, 2016

Finance News Skilled Nursing

Capital Funding Group Provides $7.7M in Loans for Skilled Nursing Facility Near Buffalo

by Jeff Shaw September 29, 2016

LOCKPORT, N.Y. — Capital Funding Group, a lender based in Baltimore, has provided $6.7 million bridge loan for the acquisition of Briody Health Care Facility, an 82-bed skilled nursing facility in the Buffalo suburb of Lockport.

September 29, 2016

CCRC Legal Issues News Skilled Nursing

Benchmark CCRC in Connecticut Partners with APRN Group Ahead of Medicare Mandate

by Jeff Shaw September 28, 2016

STAMFORD, Conn. — Benchmark Senior Living has partnered with The West Haven Medical Group to provide advanced practice registered nurse (APRN) services in the skilled nursing portion of Edgehill, a continuing care retirement community in Stamford.

September 28, 2016

News Skilled Nursing

Blueprint Brokers Sale of Three-Property Skilled Nursing Portfolio in Kentucky

by Jeff Shaw September 20, 2016

CHICAGO — Blueprint Healthcare Real Estate Advisors, a brokerage firm based in Chicago, has arranged the sale of three skilled nursing facilities in Kentucky. The purchase price and names of the facilities were not disclosed.

September 20, 2016

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