Seniors Housing Business

AUG-SEP 2015

Seniors Housing Business is the magazine that helps you navigate the evolution of the seniors housing industry.

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24 www.seniorshousingbusiness.com Seniors Housing Business n August-September 2015 Acquisitions has provided first-class brokerage services -wide. With nearly 4 billion dollars in sales, the ability to get the deal done. Don't sell direct, Nick Stahler 714-463-1663 Nick@theJCHgroup.com www.theJCHgroup.com Jim Hazzard 714-463-1677 Jim@theJCHgroup.com 888-916-1212 Shep Roylance 805-633-4649 Shep@shepJCH.com info@theJCHgroup.com JCH aligns our interest with those of our clients, when you succeed, we succeed. will enable the Forte team to bring to our clients more insights and opportunities from industries that intersect with senior living — spe- cifcally real estate, healthcare, technology and hospitality," says Wilbins. The Point Group is a full-service marketing communications frm with offces in Dallas, Houston and Austin. Its parent company, Point Communications, is a hold- ing company based in Dallas, with investments in marketing commu- nications, healthcare, real estate, banking and private equity. Blueprint arranges sale of two skilled nursing facilities in Central Texas for $14.2 million Chicago — Blueprint Health Care Real Estate, a broker based in Chicago, has arranged the sale of two 120-bed specialized skilled nursing facilities in Central Texas for $14.2 million. The two facilities were con- structed in 1994 and 2004. The facility names were not disclosed. The sales price, equating to $60,000 per bed, represents a 10.4 percent capitalization rate. The purchaser was a privately held owner/operator with an existing presence in the Texas market. The seller was a publicly traded REIT. Chris Hyldahl and Mike Segal of Blueprint were the lead advisors on the transaction. TeamHealth to acquire skilled nursing provider IPC Healthcare for $1.6 billion Knoxville, Tenn., and North Hollywood, Calif. — Team Health Holdings Inc. (NYSE: TMH), a provider of outsourced physician staffng solutions for hospitals, will acquire IPC Healthcare Inc. (Nas- daq: IPCM), a post-acute provider, in an all-cash transaction totaling approximately $1.6 billion. The purchase price represents $80.25 per IPC share based on the closing cost on Aug. 3. "Through this combination, TeamHealth will be better posi- tioned to capitalize on key trends as the U.S. healthcare industry moves toward value-based reim- bursement with an increased focus on post-acute care and services," says Mike Snow, TeamHealth president and CEO. Knoxville-based TeamHealth suggests the addition of IPC's service network will increase the company's reach. With 15,000 healthcare professionals nation- wide, the combined company will have more capability to manage patient care and infuence out- comes across the continuum of care. North Hollywood-based IPC currently provides services in about 2,000 post-acute facilities. "This agreement provides an immediate cash premium to our shareholders, and we look forward to partnering with TeamHealth to advance our mission of delivering high-quality inpatient care eff- ciently and cost-effectively," says Adam Singer, IPC's CEO. Accounting for operational overlap, TeamHealth expects to realize $60 million in cost savings during the frst three years. The transaction, which is expected to close during the fourth quarter of 2015, is subject to regu- latory approval and customary closing conditions. Citi is serving as fnancial advi- sor to TeamHealth and providing the committed fnancing in con- nection with the transaction. MTS Health Partners is also serving as fnancial advisor to TeamHealth. Credit Suisse is serving as lead fnancial advisor to IPC Healthcare and Evercore provided a fairness opinion. SLIB arranges sale of skilled nursing facility in Virginia for $28.5 million Martinsville, Va. — Senior Living Investment Brokerage (SLIB) has arranged the sale of Blue Ridge Nursing & Rehabilitation Center, a 300-bed skilled nursing facility in Martinsville, for $28.5 million. The adjacent assisted living community is also included in the transaction, but is awaiting approval for the assumption of the existing HUD-insured debt. The affliated operator of the seller, Sovran Management, will continue to manage the communi- ties through a long-term lease with the new owner, which was not identifed. Bradley Clousing and Pat- rick Burke of SLIB handled the transaction.

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