Birchwood Health Care Properties Hosts Operator Conference

Chicago, IL (July 20th, 2016)

Birchwood hosted its first annual operator conference in Chicago on July 18th and 19th.  Approximately 40 people representing Birchwood and six of its operators gathered in Chicago to discuss a variety of challenges and opportunities facing the senior care industry.

One major focus of the discussion was improving care and preparing for alternative payment models and bundled payments in our 18 markets, which span 5 states.  Our keynote speaker was David Gifford, Senior VP for Quality & Regulatory Affairs at the American Health Care Association.  David gave an excellent talk on quality-based reimbursement.

Other topics included national vendor pricing, data analysis for improving care, physical plant maintenance and strategy, customer service monitoring and improvement, strategies to reduce staff turnover and improve performance, and group purchasing organization strategies.

The Birchwood portfolio consists of 18 facilities and 2 ancillary companies in 5 states with 6 operators.

Birchwood HCP is a Chicago-based health care real estate private equity firm with a primary focus on senior housing and nursing home assets.  With deep industry relationships, access to capital and entrepreneurial structuring capability, Birchwood intends to capitalize on the highly fragmented and dynamic nature of the industry through ongoing acquisitions and development.

Birchwood Health Care Properties Acquires Alabama Memory Care Facility and Oklahoma Portfolio

Chicago, IL (July 6, 2016)

In two separate transactions, Birchwood Health Care Properties, LLC (“Birchwood HCP”) is pleased to announce the acquisition of a 64 unit memory care facility located in Montgomery, AL and a portfolio of four nursing homes, a hospice company and a home health company located in eastern Oklahoma.

The Memory Care facility was independently owned and operated by a family in Montgomery for many years prior to the acquisition. The facility had approximately $3.1MM of revenue at time of Closing, which occurred on June 16th.

The portfolio in eastern Oklahoma had been independently owned by a group of owner/operators for 20+ years. The portfolio consists of 361 nursing home beds and two ancillary companies which produce approximately $24MM of annual revenue. The portfolio closed on June 30th.

All facilities were stable at time of closing with attractive physical plants and no deferred maintenance. Additionally, clinical performance of all buildings are strong, with deep roots in their local markets due to previous ownership. With these acquisitions, Birchwood increased its portfolio to 18 facilities and 2 ancillary companies in 5 states with 6 operators – all but one facility were purchased in the last 15 months.