Toronto, Canada-based Invesque (TSX: IVQ) announced it has entered into an agreement to purchase 20 assisted living and memory care communities from Commonwealth Senior Living for $340.4 million, or about $236,400 per unit. All but one of the communities are in Virginia, with one in Pennsylvania. Of the... Read more
Capital Healthcare Investments (CHI), a wholly-owned subsidiary of MTGE Investment Corp., a publicly traded hybrid REIT, has purchased a portfolio of nine skilled nursing facilities in Virginia with about 1,050 beds. The transaction almost doubles the size of CHI’s portfolio, which now includes 14 skilled nursing facilities and... Read more
We held our annual Senior Care M&A Outlook webinar last Thursday, which featured a discussion between our editor Steve Monroe, John Cobb, CIO of Ventas, Inc., Scott Kremeier, Senior Vice President at Houlihan Lokey, and Ryan Maconachy, Senior Managing Director at HFF. In it, the panelists discussed how... Read more
Senior Vice President – Healthcare Group, Houlihan Lokey
Mr. Ryan is a Senior Vice President in Houlihan Lokey’s Healthcare Group and Head of the Long Term Care practice at Houlihan Lokey’s Chicago office. He has advised on a wide range of sellside and buyside M&A transactions, fairness and solvency opinions, debt and equity financings and restructurings. He has been involved in numerous healthcare transactions involving facility-based providers including skilled nursing, memory care, assisted living, CCRC and independent living communities, and ancillary providers including institutional pharmacy, institutional therapy, home care and hospice.
His notable recent long-term care transactions include Avamere Group, Erickson Retirement Communities, Harden Healthcare, Life Generations Healthcare, Linden Ponds, Springpoint Senior Living and Wellington Healthcare Services. Mr. Ryan is currently involved in several CCRC restructurings including The Clare at Water Tower and St. Mary of the Woods.
Before joining Houlihan Lokey, Mr. Ryan was at Casas, Benjamin, where he focused on restructurings, corporate finance, acquisitions and divestitures and before that, he was at PricewaterhouseCoopers in the transaction services group, where he specialized in due diligence assessments on behalf of financial and strategic buyers. Mr. Ryan received his B.A. in accounting from Michigan State University.
Mr. Ryan is active with the National Investment Center (NIC), American Senior Housing Association (ASHA) and LeadingAge. He is also a frequent speaker on various topics including developments in healthcare, M&A, restructurings and leveraged finance.
Scott Kremeier is a Senior Vice President in Houlihan Lokey’s Healthcare Group. He has advised on a wide range of sellside and buyside M&A transactions, equity financings, and strategic advisory assignments. He has been involved in numerous healthcare transactions involving institutional pharmacy, home care and hospice, distribution, healthcare IT, and healthcare REITs. Mr. Kremeier is based in the firm’s Chicago office.
Before joining Houlihan Lokey, Mr. Kremeier was at JMP Securities LLC, where he focused on M&A transactions, initial public offerings, and follow-on equity offerings for companies in the healthcare services and healthcare real estate sectors. Prior to that, he was a Director of Planning & Analysis for Harrah’s Entertainment in Las Vegas. Before joining Harrah’s, Mr. Kremeier served as a Surface Warfare Officer (Nuclear) in the U.S. Navy.
Mr. Kremeier holds a B.S. from the U.S. Naval Academy and an MBA in Finance from Vanderbilt University.
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