Case Studies

SALE LEASEBACK

Saber Healthcare Group - Bedford Heights, Ohio
www.saberhealth.com

Operator Description:
Saber Healthcare Group (Saber) is a Bedford Heights, Ohio-based operator of 56 skilled nursing facilities located in Florida, Missouri, Ohio, Pennsylvania and Virginia.

Operator Objective:
Obtain financing source for remaining nine owned skilled nursing facilities in order to focus solely on growing their operations, specifically within area of expertise of acquiring and turning around troubled skilled nursing assets.

Aviv Solution:
Aviv provided capital for a sale-leaseback of Saber's remaining nine owned facilities, thus enabling Saber to dedicate its resources strictly to the operating side of their business.

        

THIRD PARTY ACQUISITION

EmpRes Healthcare - Vancouver, Washington
www.empres.com

Operator Objective:
Grow their business by making third-party acquisitions of stabilized skilled nursing facilities in their target market of the northwestern United States.

Operator Description:
EmpRes is a Vancouver, Washington-based operator of more than 45 skilled nursing and assisted living facilities in California, Idaho, Montana, Nevada, Oregon and Washington.

Aviv Solution:
Aviv provided capital for a third-party acquisition of eight skilled nursing facilities located in California, Oregon and Washington.

CAPITAL INVESTMENT

Deseret Health Group. - Bountiful, Utah
www.24-7ltc.com

Operator Description:
Deseret Health Group (Deseret) is a Bountiful, Utah-based operator with 24 nursing facilities located in Kansas, Nebraska, Minnesota and Utah.

Operator Objective:
Reposition a skilled nursing facility located in Ogden, Utah by completely updating its interior and exterior, thus improving the facility's reputation within the community and enhancing its local market position.

Aviv Solution:
Aviv provided the capital to comprehensively renovate the 85-bed skilled nursing facility.

Before                                                                                         After

DEVELOPMENT

ConvaCare Management, Inc. - Searcy, Arkansas

Operator Description:
ConvaCare Management, Inc. (ConvaCare) is a Searcy, Arkansas-based operator of ten skilled nursing facilities located throughout the state of Arkansas.

Operator Objective:
Secure construction financing, bridge financing for stabilization and long-term financing for the development of a 138-bed skilled nursing facility after identifying need in the growing community Searcy, Arkansas.

Aviv Solution:
Aviv structured a lease that encompassed land acquisition cost and all construction costs.