Steve's Senior Care Blog

EXPERT OPINION with Rick Matros

Rick MatrosRichard K. Matros,
Chairman/CEO,
Sun Healthcare Group, Inc.
In this “Expert Opinion” interview, Rick Matros discusses some of the major issues impacting skilled nursing providers, including reimbursement, health care reform, dealing with Congress and the acquisition market environment.

Omega Healthcare's Big Transaction

In what will be the largest acquisition ever for Omega Healthcare Investors, the REIT has announced that it has agreed to buy up to 143 leased skilled nursing facilities from CapitalSource in a series of transactions.  The first closing will include 40 facilities with 5,264 beds at a price of $294.4 million ($55,900 per bed), while the second closing will be for 40 facilities with 4,882 beds at a price of $270.4 million ($55,400 per bed).  The combined annual rent for these 80 properties is about $61 million, or a yield of 10.5% on the first portfolio and 11.1% on the second one. 

EXPERT OPINION with Curt Schaller

Curt SchallerCurt Schaller,
Co-Founder and Principal,
Focus Healthcare Partners LLC
In this “Expert Opinion” interview, Curt Schaller discusses the formation of his new private equity investment company with partner Paul Froning, the types of investment opportunities they will be looking at, the time horizon for these investments and why this is a great time to be a buyer.   

Aviv REIT Postpones IPO

We spoke too soon in the November issue of The SeniorCare Investor when we said that by the time you read it, Aviv REIT will have priced its IPO. The IPO was postponed yesterday, perhaps after some questions were raised by a report from Green Street Advisors. 

HUD LEAN Alive for ALFs

In what may be the largest assisted living portfolio financing under the HUD LEAN financing program this year, Capital Funding Group just closed on six separate loans totaling $80.78 million on behalf of Morningside Management.

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