Capital One Bank
Capital One Bank announced a $60 million secured term loan to acquire a portfolio of 19 skilled nursing facilities in Indiana and Iowa. The buyer was not identified.
Capital One Bank has served as purchaser and placement agent of a $24 million private taxable revenue bond to affiliates of Revera Inc.
Capital One Specialty Healthcare Real Estate, part of Capital One Bank's Commercial Real Estate Group, provided $31.8 million in loans for skilled nursing facilities in Illinois
Anthony Martin has joined Capital One Bank's Commercial & Specialty Finance Group as a Vice President.
Capital One Bank is the joint bookrunner for an $85 million, seven-year senior secured term loan to subsidiaries of Parkwood Properties Inc. and a $30 million revolver loan to Palm Garden Healthcare Holdings LLC, the company announced.
Long-term care facilities are facing new pressures as a result of the Patient Protection and Affordable Care Act. As part of the shift to integrated care, reimbursements will be linked to patient outcomes rather than the traditional fee-for-service model.
Capital One Financial Corporation announced it has an agreement to acquire Beech Street Capital, a privately held servicer of Fannie Mae, Freddie Mac and FHA multifamily commercial real estate loans.
Capital One Bank announced this month it was a joint book runner on a $213.5 million secured term loan to FC Ranger Acquisition, LLC. This was for the acquisition of 26 senior housing properties, which includes 394 memory care beds.
Capital One Bank, Lancaster Pollard, Northstar Realty and National Health Investors all announced final transactions for clients.
A convergence of regulatory and market influences are triggering a wave of mergers and acquisitions in the long-term care (LTC) industry. This convergence presents new opportunities and considerations for operators of all sizes. The dollar volume in LTC mergers and acquisitions jumped to $16.3 billion in 2011, up from $12.1 billion in 2010, according to The Health Care M & A Report from Irving Levin Associates, a healthcare research and information firm.