Health Care Deal News: Spotlight on Long-Term Care - April 2012

While 19 deals were announced in the Long-Term Care sector during March, most proved to be relatively small when compared with the M&A market during the past two years. Most of the participants in March’s market appear to have been reshuffling their facility portfolios. Two examples may suffice. Walton Street Capital sold two facilities to Health Care REIT (NYSE: HCN). It sold Bellingham/Parklane, a seniors housing and care community in Pennsylvania with 208 independent living, 50 assisted living, 16 memory care and 64 skilled nursing units/beds, for an estimated $60.0 million. Walton Street also sold Harbor Village, a seniors housing and care community in Wisconsin with 139 independent living, 38 assisted living and 44 memory care units, for $38.0 million. These two deals were the largest and second-largest transactions in the Long-Term Care sector for March. CLW Senior Housing represented the seller in both deals.....Want to read more? Click here for a free trial to The Health Care M&A Information Source and download the current issue today