First Citizens Bank Arranges $115 Million in Financing for Illinois Skilled Nursing Facilities
First Citizens Bank's Healthcare Finance division has arranged $115 million in financing for the acquisition of eight skilled nursing facilities in Illinois. The borrower is a Midwest-based healthcare real estate investment and management company with investments in over 24 states. The facilities represent more than 1,500 licensed beds, offering care to individuals needing rehabilitation or 24-hour medical attention.
William Douglas, head of First Citizens Healthcare Finance, emphasized the importance of skilled nursing facilities in post-acute care. The bank's Healthcare Finance team leverages its sector knowledge to provide comprehensive financing and banking solutions to middle market healthcare companies across the U.S.
La divisione Healthcare Finance di First Citizens Bank ha organizzato un finanziamento di 115 milioni di dollari per l'acquisizione di otto strutture di assistenza qualificata in Illinois. Il mutuatario 猫 un'azienda di investimento e gestione immobiliare nel settore sanitario con investimenti in oltre 24 stati. Le strutture rappresentano pi霉 di 1.500 letti autorizzati, offrendo assistenza a individui che necessitano di riabilitazione o di attenzione medica 24 ore su 24.
William Douglas, responsabile di First Citizens Healthcare Finance, ha sottolineato l'importanza delle strutture di assistenza qualificata nella cura post-acuta. Il team di Healthcare Finance della banca sfrutta la propria conoscenza del settore per fornire soluzioni di finanziamento e banking complete alle aziende sanitarie di mercato intermedio negli Stati Uniti.
La divisi贸n de Finanzas de Salud de First Citizens Bank ha organizado un financiamiento de 115 millones de d贸lares para la adquisici贸n de ocho instalaciones de enfermer铆a especializada en Illinois. El prestatario es una empresa de inversi贸n y gesti贸n de bienes ra铆ces en el sector salud, con inversiones en m谩s de 24 estados. Las instalaciones representan m谩s de 1,500 camas licenciadas, ofreciendo atenci贸n a personas que necesitan rehabilitaci贸n o atenci贸n m茅dica las 24 horas.
William Douglas, jefe de Finanzas de Salud de First Citizens, enfatiz贸 la importancia de las instalaciones de enfermer铆a especializada en la atenci贸n post-aguda. El equipo de Finanzas de Salud del banco aprovecha su conocimiento del sector para proporcionar soluciones integrales de financiamiento y banca a empresas de atenci贸n m茅dica del mercado medio en los EE. UU.
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La division Financement Sant茅 de First Citizens Bank a arrang茅 un financement de 115 millions de dollars pour l'acquisition de huit 茅tablissements de soins qualifi茅s dans l'Illinois. L'emprunteur est une entreprise d'investissement et de gestion immobili猫re dans le secteur de la sant茅 bas茅e dans le Midwest, avec des investissements dans plus de 24 脡tats. Les 茅tablissements repr茅sentent plus de 1 500 lits agr茅茅s, offrant des soins 脿 des personnes n茅cessitant une r茅habilitation ou une attention m茅dicale 24 heures sur 24.
William Douglas, responsable de First Citizens Healthcare Finance, a soulign茅 l'importance des 茅tablissements de soins qualifi茅s dans les soins post-aigus. L'茅quipe de Financement Sant茅 de la banque utilise ses connaissances sectorielles pour fournir des solutions de financement et de banque compl猫tes aux entreprises de sant茅 de march茅 interm茅diaire 脿 travers les 脡tats-Unis.
Die Healthcare Finance-Abteilung der First Citizens Bank hat 115 Millionen Dollar an Finanzierung arrangiert f眉r den Erwerb von acht qualifizierten Pflegeeinrichtungen in Illinois. Der Kreditnehmer ist ein auf den Mittleren Westen basierendes Unternehmen f眉r Immobilieninvestitionen und -management im Gesundheitswesen mit Investitionen in 眉ber 24 Bundesstaaten. Die Einrichtungen repr盲sentieren mehr als 1.500 lizenzierte Betten und bieten Pflege f眉r Personen, die Rehabilitation oder medizinische Betreuung rund um die Uhr ben枚tigen.
William Douglas, Leiter der Healthcare Finance von First Citizens, betonte die Bedeutung von qualifizierten Pflegeeinrichtungen in der nachakuten Versorgung. Das Healthcare Finance-Team der Bank nutzt sein Fachwissen, um umfassende Finanzierungs- und Bankl枚sungen f眉r Unternehmen im mittleren Markt im Gesundheitswesen in den USA anzubieten.
- Arranged $115 million in financing for acquisition of eight skilled nursing facilities
- Expansion into critical post-acute care sector
- Demonstrates ability to handle large-scale healthcare financing deals
- Strengthens position in middle market healthcare financing
- None.
Insights
This $115 million financing deal for skilled nursing facilities acquisition is a significant move in the healthcare real estate sector. The transaction's scale, covering eight facilities with over 1,500 licensed beds, indicates a substantial expansion for the borrower. This deal highlights the growing demand for post-acute care facilities, driven by an aging population and increasing need for specialized medical attention.
From an investor's perspective, First Citizens Bank's involvement in this high-value transaction demonstrates its strong position in the healthcare finance market. The bank's ability to arrange such large-scale financing could potentially lead to increased revenue from interest and fees, positively impacting its financial performance. However, investors should also consider the risks associated with healthcare real estate, including regulatory changes and potential occupancy fluctuations in skilled nursing facilities.
The acquisition of these eight skilled nursing facilities in Illinois reflects a broader trend of consolidation and investment in the post-acute care sector. With the U.S. population aging rapidly, demand for skilled nursing services is expected to grow, making this a strategic move for the Midwest-based healthcare real estate company.
Investors should note that while skilled nursing facilities can be profitable, they also face challenges such as staffing shortages, regulatory pressures and potential Medicare/Medicaid reimbursement changes. The borrower's diverse portfolio across 24 states suggests a risk mitigation strategy, which could be viewed positively. However, the success of this investment will largely depend on the operator's ability to maintain high occupancy rates and navigate the complex healthcare regulatory landscape.
The borrower is a Midwest-based healthcare real estate investment and management company that invests in a variety of post-acute facilities, with investments in over 24 states.
The eight facilities covered by this transaction represent more than 1,500 licensed beds, which typically offer care to individuals who need rehabilitation from injury or wound care or who suffer from serious or persistent health issues requiring 24-hour medical attention.
"We are pleased to expand our financing for skilled nursing facilities, which are a critical component of the post-acute spectrum of care," said William Douglas, head of First Citizens Healthcare Finance.
"We appreciated the opportunity to leverage our deep sector knowledge to support our client with the financing they sought to advance their business," Michael Coiley, a managing director on the Healthcare Finance team.
First Citizens 聽provides comprehensive financing and banking solutions to middle market healthcare companies across the
About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in
John M. Moran
212-461-5507
john.moran2@firstcitizens.com
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FAQ
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