$ 17.18 million HUD financing for Arizona SNF; Purchase of Ensign’s Texas

$ 17.18 million HUD financing for Arizona SNF;  Purchase of Ensign’s Texas

The pandemic necessitated extra safety protocols that allowed extra time to prepare for the transition, Kevin Niccum, president of Keystone Care LLC, Ensign’s Texas-based subsidiary, noted. “We are very excited to add another operation in North Texas and believe that this newer building is poised to do great things,” Ensign CEO Barry Port said in a press release announcing the transaction. ““We will continue to look for opportunities in Texas and are confident that our local clusters are well prepared for this addition and for additional growth.” The acquisition brings Ensign’s portfolio to 236 healthcare operations, 22 of which also include senior living operations.

Ensign Buys Texas SNF “Arizona has been greatly impacted by the pandemic, and it’s been our duty to keep residents safe. Since Sapphire Estates is their home, we want to ensure it is continually invested in and upgraded, and this low-rate financing will enable us to do that,” Sheif, the CEO of Sapphire Estates, said in the press release.

The Ensign Group (Nasdaq: ENSG) purchased the 108-bed SNF Windsor Rehabilitation and Healthcare in Terrell, Texas, effective May 1. The facility was built in 2016 and provides comprehensive skilled nursing and physical, occupational and speech therapy.

Blueprint Facilitates Ohio SNF-AL Sale to Private Equity Buyer Blueprint Healthcare Real Estate Advisors facilitated the sale of a skilled nursing and assisted living community in Akron, Ohio, from a regional owner-operator to a private equity acquirer who was able to close during the pandemic, according to a press release announcing the transaction. Greystone managing director Fred Levine originated the transaction.

Greystone provided a a $17.3 million HUD-insured loan to refinance a 214-bed SNF in Nassau County, Long Island, in New York. The financing carries a a 33-year term and 40-year amortization with a low, fixed interest rate. $17.3M Financing for Long Island SNF

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