Skilled Nursing News March 24, 2025
Superior Living Foundation completed a $250.2 million acquisition of 14 skilled nursing facilities in eastern Texas. Meanwhile, a vacant assisted living and skilled nursing facility was sold in Waco, Texas.
Superior Living Acquires 14 SNFs in Texas for $250.2M
Superior Living Foundation, a Maryland-based nonprofit, completed a $250.2 million acquisition of 14 skilled nursing facilities in a high-growth market in eastern Texas. The transaction was finalized on Tuesday, March 11.
The seller, a private owner-operator, will continue managing the facilities under the terms of the agreement.
The acquisition was financed through a public offering of approximately $247.3 million in tax-exempt bonds together with private debt that was purchased by the seller. Oppenheimer & Co. Inc. served as sole bookrunner for...
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