Birchwood Healthcare Partners Acquires Three Communities in MD, OK and MO

Chicago, IL (July 10, 2018) – Birchwood Healthcare Partners, LLC (“Birchwood”) is pleased to announce three acquisitions in Maryland, Oklahoma and most recently in Missouri. In December 2017, Birchwood closed on the purchase of a 64 unit assisted living and memory care community in the greater Baltimore area for $6MM and has invested approximately $750k into the cottage style campus since closing.

In May 2018, Birchwood closed on the purchase of a 100-bed nursing center in southeast Oklahoma in close proximity to a portfolio of nursing centers the company already owns in the region. On July 1st, Birchwood closed on another approximately 100-bed nursing center in a community approximately one hour south of St. Louis.

About Birchwood HCP

Birchwood is a Chicago-based health care investment firm with a primary focus on senior housing and nursing centers. 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.

Birchwood Conference/Panel Activity

Birchwood Healthcare Partners has recently participated in a number of panel discussions at various conferences around the country.  In March, Rutul Shah was a panelist at the HJ Sims Conference in Orlando, Florida on “Acquisitions – Targeting, Valuing, Pricing and Financing.”  Also in March, Isaac Dole was a panelist at the National Investor Center (NIC) senior housing conference in Dallas, TX on “Debt Financing for Real Estate and Cash Flow Business Lines.”  In April, Isaac Dole was a panelist at the Ziegler National CFO Conference on “What can we learn from our for-profit peers?”

On May 10th, Birchwood will participate in The SeniorCare Investor’s upcoming webinar, The 40-Year Old SNF: Part II. The webinar will take place on May 10, 2018 at 1:00 PM ET and will be hosted by Irving Levin Associates.

In 2016, we held our first webinar specifically talking about the old of the old skilled nursing facilities. There has been a definite shift away from the old SNFs, with new “transitional” care properties being built that are not certified for Medicaid and have very short lengths of stay, something not really done 10 years ago. But providers and investors are still buying these older skilled nursing facilities, even as most people had written them off as well past their useful lives. But are they?  Key topics will include:

  • How the values between older and newer SNFs have been diverging
  • Who is buying the older properties and why
  • What it costs to renovate a 40-year old SNF
  • Whether you can really change the census mix of these old buildings
  • If there is an alternative use for these properties

More information about this webinar and how to participate can be found through the following link: https://products.levinassociates.com/downloads/1805-webinar/. In the coupon code box, use the word “SPEAKER” and receive a $50 discount.

 

Birchwood Healthcare Properties Announces Refinance of Bartlesville Property

Chicago, IL (September 1, 2016) – Birchwood Healthcare Properties is proud to announce a $5.3 million HUD refinance on its Heritage Villa property in Bartlesville, OK.  Coupled with cash flows from operations, this refinance allowed the distribution of approximately 90% of investors’ funds.  In the original underwriting, Birchwood anticipated a refinance in month 36 after closing.  This long-term, fixed-rate financing solution was executed just 15 months after closing, and provides stability to Heritage Villa and positions the property for continued success in the future.

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.