M&A Deal Summary

CareTrust Acquires Cedar Falls Health Care Center

On April 4, 2016, CareTrust acquired healthcare services company Cedar Falls Health Care Center for 5M USD

Acquisition Highlights
  • This is CareTrust’s 4th transaction in the Healthcare Services sector.
  • This is CareTrust’s 3rd largest (disclosed) transaction.
  • This is CareTrust’s 5th transaction in the United States.
  • This is CareTrust’s 1st transaction in Iowa.

M&A Deal Summary
Date 2016-04-04
Target Cedar Falls Health Care Center
Sector Healthcare Services
Buyer(s) CareTrust
Deal Type Add-on Acquisition
Deal Value 5M USD

Target

Cedar Falls Health Care Center

Cedar Falls, Iowa, United States
Cedar Falls Health Care Center is an 82-bed skilled nursing facility located in Cedar Falls, Iowa.

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Buyer(S) 1

Buyer

CareTrust

San Clemente, California, United States
Category Company
Sector Real Estate
Employees17
Revenue 198M USD (2023)
DESCRIPTION

CareTrust is primarily engaged in the ownership, acquisition and leasing of healthcare-related properties. CareTrust is organized and conducts its operations to qualify as a REIT for U.S. federal income tax purposes. CareTrust generates revenues primarily by leasing healthcare facilities to healthcare operators in triple-net lease arrangements. CareTrust is based in San Clemente, California.

DEAL STATS #
Overall 5 of 5
Sector (Healthcare Services) 4 of 4
Type (Add-on Acquisition) 4 of 4
State (Iowa) 1 of 1
Country (United States) 5 of 5
Year (2016) 3 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-04 Victory Park Nursing Home

Norwood, Ohio, United States

Victory Park Nursing Home is an operator of 55-bed skilled nursing facility.

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