Skilled Nursing News July 7, 2021
Despite low occupancy rates and uncertainty around federal funding, experts say the market for nursing homes has not slowed, as buyers want to get in on the frenzy and are willing to pay near stabilized rates to do so.
Some, like Symphony Care Network, with a portfolio that totals more than 30 properties throughout Illinois, Indiana, Wisconsin and Michigan, are finding opportunities with smaller, single operators looking to partner up or get out of the business altogether.
The Chicago-based operator was recently part of a transaction to acquire two skilled nursing facilities (SNFs) and one supportive living facility in Chicago for $48.95 million, Chicago-based specialty investment bank Ziegler announced last month.
“I think that you’re running into situations where a...
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