Wednesday, July 23, 2014

Partners Acquire Skilled Nursing Portfolio

Two investment firms with a strategic partnership enhanced their skilled nursing facility portfolio with the acquisition of 14 Mid-Atlantic facilities.  The newly acquired facilities, operated by Consulate Health Care, are located in Virginia, Maryland, Pennsylvania.

The partners…Formation Capital and Safanad have done this before... to the tune of over $1B invested in the sector.  Other recent acquisitions include:

2013… 36-property senior housing portfolio across 13 states
2012… 68-property portfolio on the East Coast
2011… 36 senior care facilities across 3 deals

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