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Mergers/Acquisitions

Medical Illumination Announces Acquisition of Vidashield Line of Air Purification Systems From American Green Technology

SAN FERNANCO, CA–Surgical and examination lighting manufacturer Medical Illumination has announced the completion of its purchase of the Vidashield product line from American Green Technology (AGT), formerly based in South Bend, IN. Medical Illumination previously partnered with AGT to provide its landmark UV24 overhead air purification system (also known as …

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CareTrust REIT Completes $211 Million Acquisition

SAN CLEMENTE, CA–CareTrust REIT, Inc. (Nasdaq:CTRE) announced that it successfully completed a previously-disclosed $211 million multi-asset acquisition. The transaction grows CareTrust’s existing real estate holdings by 12 properties with 1,734 beds/units and adds over $19.0 million in new annual revenue to the company’s portfolio as of April 1, 2019. The two-state …

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The Ensign Group Acquires Texas Memory Care Community

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 that it acquired the real estate and operations of Rockbrook Memory Care, a 52-unit memory care community in Lewisville, TX. …

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Ascend Partners Announces New Luxury Senior Living Community in West San Antonio

SAN ANTONIO–Ascend Partners, LLC announced April 1, 2019, that it has acquired Lakeside Assisted Living, a San Antonio senior living community, and is reopening it as The Grandview of Westover Hills, Ascend’s newest boutique senior living experience. The Grandview of Westover Hills offers 42 assisted living and 18 memory care apartments with premium accommodations, resort-style amenities, and …

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Northstar Commercial Partners Continues to Expand in Senior Care, Announcing Purchase of Assisted Living Home in California

DENVER–Today, Northstar Commercial Partners is pleased to announce their purchase of Vista Gardens, a senior living facility based in Vista, CA, San Diego County for $22.8 million. Built in 2011, the 43,996- square-foot facility has 99 beds, comprised of both private and semi-private rooms, with tenant occupancy at 94%. The living space is just …

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Avamere Acquires Community in South Ogden, Utah

WILSONVILLE, OR–The Avamere Family of Companies, a group of leading senior living and healthcare companies, is pleased to announce their acquisition of a senior living community in South Ogden, Utah as of April 1, 2019. “We are excited to welcome Avamere at Mountain Ridge to continue their already outstanding quality of care,” said Matt Hilty, Executive …

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Summit Healthcare REIT, Inc. Acquires an Interest in 14 Skilled Nursing/Assisted Living Facilities in Indiana

LAKE FOREST, CA–Summit Healthcare REIT, Inc. (“Summit”) announced that it has acquired an interest in 14 skilled nursing/assisted living facilities throughout Indiana on March 13, 2019. The facilities, acquired for $125 million, consist of a total of over 1,100 licensed beds and will be leased back to the seller on a triple net basis. The acquisition was made through a newly …

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KKR Completes Acquisition of Brightspring Health Services

LOUISVILLE, KY–Global investment firm KKR and BrightSpring Health Services (“BrightSpring”), one of the largest home and community-based health services providers, announced today that KKR has closed on its acquisition of BrightSpring. As part of this transaction, BrightSpring has merged with PharMerica Corporation (“PharMerica”) to now become a leading provider of …

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