To close its 2023, Meridian Capital Group’s Senior Housing and Healthcare Platform, led by Ari Adlerstein and Josh Simpson, closed nearly $250 million in transaction volume for 20 senior housing and healthcare facilities in five states over the last month. Most notably, the team closed a bank syndicate loan totaling $155 million to refinance 15 facilities comprised of 1,935 skilled nursing beds and 46 assisted living units in Michigan and Ohio. Five banks participated in the syndicate. Meridian also arranged $41 million in financing from a commercial bank along with a $5 million A/R line to refinance a 120-bed skilled nursing facility in New Jersey.
They closed $23.9 million in financing from a commercial bank along with a $1.5 million A/R line for the acquisition of a 151-bed skilled nursing facility in New Jersey, and $13 million in financing from a commercial bank along with a $750,000 A/R line to refinance a Kansas senior care campus with 70 skilled nursing beds and 26 assisted living units.
To round out their recent activity, the team sold a 90-bed skilled nursing facility in Texas for $4.65 million, or $51,700 per bed, facilitated by Meridian’s Sim Goldberg, and arranged $3.6 million from a commercial bank for the acquisition, negotiated by Meridian’s Avi Begun.