The Ensign Group, Inc. (Nasdaq: ENSG) acquired Hampden Hills Post Acute, a 218-bed skilled nursing facility located in Aurora, Colorado, and Mapleton Post Acute, an 84-bed skilled nursing facility located in Lakewood, Colorado, on Wednesday.
“We are thrilled about our continued growth in Colorado,” said Barry Port, Ensign’s Chief Executive Officer. “We have admired these facilities for some time and are excited for the opportunity to combine these with our existing facilities in Colorado,” he added.
The acquisitions will be subject to long-term, triple net leases. These acquisitions bring Ensign’s growing portfolio to 290 healthcare operations, 26 of which also include senior living operations, across thirteen states.
“We have been very impressed with the teams at these facilities, and we look forward to providing additional resources to support them as they strive to meet the needs of the residents and families we are honored to serve,” Dave Jorgensen, President of Endura Healthcare LLC, Ensign’s Colorado-based subsidiary, said in a statement.
Helios Healthcare Advisors Arranges $14M HUD Loan for Texas Skilled Nursing Facility
Helios Healthcare Advisors arranged a $14M HUD Loan for a 120-bed skilled nursing facility located in Dallas, Texas.
“This transaction effectuated the original roadmap designed to assist an undercapitalized, yet strong operator to acquire the real estate on a facility they had been running successfully, then secure a permanent non-recourse solution that de-risked their position,” stated Jeff Rhodes, managing director of Helios, in a statement. “The outcome was a win for all involved including the lender who recognized the vision and was not deterred by the nuances or risk profile of the transaction.”
Engaged by the unnamed operator in 2022, Helios assisted in structuring and arranging a bridge loan to acquire the Facility from the Borrower’s landlord. The HUD refinance closed Feb. 28 successfully recapitalizing the bridge and subordinated seller note.
Eduro Healthcare Announced as New Manager of Eastern Montana Veterans Home
Beginning Mar. 1, Eduro Healthcare will become the new manager of the Eastern Montana Veterans Home as appointed by the Department of Public Health and Human Services (DPHHS). The nursing home was previously managed by Glendive Medical Center.
“We are grateful for GMC’s service to Montana’s Veterans over the past 27 years,” (DPHHS) director Charles Brereton said. “DPHHS has been impressed with Eduro Healthcare’s management of the Southwest Montana Veterans Home in Butte, and we are looking forward to expanding this partnership to Glendive.”
In a statement, Eduro Healthcare owner Michael Bewsey said the company is eager to begin serving Veterans who reside at Eastern Montana Veterans Home.
“Our team is committed to the Veterans of Montana and we have built one of the best teams in the country to support each facility we operate,” said Michael Bewsey, owner of Eduro Healthcare. “Our company has thrived during one of the most operationally difficult times in the history of the industry, and I give our various teams all the credit. We are proud of the relationship we have built with DPHHS and are honored that they continue to trust Eduro to meet the fiscal needs of the State of Montana as well as the physical needs of the Veterans we serve.”
According to Eduro, no employees will lose their jobs as part of the change.
Two Florida health care and rehab centers sell for $23.3 million
Atlanta-based Eclipse Decathalon sold two Pinellas County health care and rehabilitation centers for more than $23.3 million.
The sale included the Countryside Rehab and Healthcare Center, which has 120 beds, for $12.95 million, and Bardmoor Oaks Healthcare and Rehabilitation Center, which has 158 beds, for $10.35 million.
Both locations offer 24-hour skilled nursing care, long-term care services, Alzheimer’s and dementia care and physical, occupational and speech therapies.
Both facilities are part of Independence Living Centers, a group of senior health care providers that serve cities throughout Florida. The group offers services ranging from short-term rehabilitation to long-term living.
