Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHILADELPHIA-Louisville, KY-based Ventas, Inc. has agreed to invest $120 millionwith Camp Hill, PA-based Trans Healthcare Inc. The agreement consists of a combination of funding that provide THI with capital to expand.

Included is a sale/leaseback transaction; an investment-grade collateralized mortgage-backed security first-mortgage loan and a mezzanine loan. Details of each component of the deal were not disclosed.

The investment covers 27 facilities, including 20 in Ohio. Among them are 22 skilled nursing properties, one rehabilitation hospital, and four assisted-living properties.

The transaction is expected to close in the fourth quarter. It is subject to numerous conditions, including due diligence, according to a statement from Ventas.

Ohio and Maryland are “two markets which Ventas has targeted for investment,” president and chief executive officer Debra A. Cafaro says in a statement.

Ventas’ current properties include 43 hospitals, 215 nursing homes and eight personal care facilities in 36 states.

Trans Healthcare operates 75 facilities with 8,580 beds in 10 states, primarily in Ohio, Maryland and Pennsylvania. Among its properties are nine specialty hospitals, three of which are under development.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.