Formation Capital

by | Jan 11, 2017 | Companies

Formation Capital is an equity investment and asset management company in the senior housing and care industry. 

Formation Capital In The News

  • Cornerstone Healthcare Files For Bankruptcy Protection
    Cornerstone Healthcare, an operator of skilled nursing facilities in the Pacific Northwest, filed for Chapter 11 bankruptcy protection. The CEO, Will Masterson, announced the reorganization in a statement filed with the U.S. Bankruptcy Court Western District of Washington that listed lender and lessor issues as the reason for... Read more
    Published on: December 02, 2019 By Ben Swett
  • Live Oak Bank Flourishes This Summer
    Showing off its versatility, Live Oak Bank facilitated acquisition financing for two separate, and very different, transactions. First, the bank provided a cash flow balance sheet loan to support a partner buy-out at Frontier Management. Formation Capital had owned a 50% stake in the senior living operator, but... Read more
    Published on: August 31, 2018 By Steve Monroe
  • Major Moves at HealthTrust
    National appraisal and advisory firm HealthTrust has had a busy month. On March 1, they closed on the purchase of the assets of the company from Sabra Health HealthCare REIT, which took over ownership as part of Sabra’s acquisition of Care Capital Properties last year. Care Capital had... Read more
    Published on: March 07, 2018 By Steve Monroe
  • HCP In Hot Water Again
    We are sure that management at HCP, Inc. is happy that they spun out the HCR ManorCare assets to a new REIT, since they have not had to deal with the continuing rent shortfall, which started when HCP still owned the assets. The post HCP In Hot Water... Read more
    Published on: January 10, 2018 By Steve Monroe
  • HC-One Becomes Largest Provider in UK
    It has been a few months since it was announced that Justin Hutchens would leave HCP, Inc. and join UK-based HC-One as its new CEO. That transition is expected to take place on October 1, and he will certainly have his hands full when he takes over from... Read more
    Published on: August 25, 2017 By Steve Monroe

Arnold Whitman

by | Jan 10, 2017 | Experts

whitman-gif-picCo-Founder and Chairman, Formation Capital LLC

Mr. Whitman is Co-Founder and Chairman of Formation Capital. He is responsible for establishing, implementing and overseeing the company’s strategic direction. Mr. Whitman has over twenty-five years’ experience in the seniors housing and healthcare industry. In 1999, Mr. Whitman created Formation Capital as an advisory and equity investment firm for seniors housing and healthcare. Since founding the company, Mr. Whitman has overseen the investment of over $4 billion in seniors housing assets managed by Formation Capital.

Prior to Formation Capital, Mr. Whitman founded Health Care Capital Finance (HCCF), a private debt provider, where he developed a successful securitization program for seniors housing assets. Following the merger of HCCF into PRN Mortgage Capital, Mr. Whitman continued to oversee over $2 billion of debt investments into seniors housing and care. Mr. Whitman began his career in healthcare in 1985 as a Director of Acquisitions for MediPlex and then as a Vice President of Meditrust in 1986.

Mr. Whitman is a current board member and Chairman Emeritus of the National Investment Center for Seniors Housing and Care Industries (NIC) and also serves on the executive board of the American Seniors Housing Association (ASHA.) His other interests in the industry include being a Principal in Prime Care Properties, LLC and a board member of Care Institute Group, Inc. Mr. Whitman’s extensive career has allowed him numerous speaking engagements both domestically and internationally. He has also written and been featured in many publications including National Real Estate Investor, McKnight’s Long Term Care News, SeniorCare Investor, Contemporary Long Term Care, Assisted Living Today, Modern Healthcare and Real Estate Forum.

Mr. Whitman graduated a B.S. in Psychology from the University of Denver.

Brian Beckwith

by | Jan 9, 2017 | Experts

1104beckwithCEO, Formation Capital

Brian Beckwith is CEO of Formation Capital (formerly Senior Managing Partner of GE Capital, Healthcare Financial Services). Brian Beckwith has been active in healthcare mergers, acquisitions, investing and lending for the past 16 years in the United States and Europe. Most recently Mr. Beckwith led the lending and investing efforts for healthcare real estate and senior housing for GE Capital, where he also oversaw $7 billion in loans and investments. Prior to this role, from 2005 through 2008, he led the risk team and then the entire healthcare lending and investing operations for GE Capital in Europe. Based in London, he invested in healthcare real estate, provided senior debt to private equity sponsored healthcare services companies, and provided equipment leasing throughout Europe. Additionally, Mr. Beckwith led new deal underwriting and portfolio management for GE Capital’s domestic healthcare lending operations from 1998. Prior to joining GE Capital, he spent 6 years with an Atlanta based valuation consulting firm with a focus on healthcare and with Delta Air Lines’ Capital Markets group. Mr. Beckwith serves, or has served, on the boards of the American Senior Housing Association (ASHA), the National Investment Center for the Senior Housing and Care Industry (NIC), and the Alumni Board of the Terry College of Business at the University of Georgia. He is an active speaker for ASHA, NIC and many other industry organizations. Mr. Beckwith is a graduate of the University of Georgia (BBA) and Georgia State University (MBA).