M&A Deal Summary

CareTrust Acquires Cross Healthcare - Seniors Housing Portfolio

On October 28, 2014, CareTrust acquired real estate company Cross Healthcare - Seniors Housing Portfolio from Cross Healthcare for 12M USD

Acquisition Highlights
  • This is CareTrust’s 1st transaction in the Real Estate sector.
  • This is CareTrust’s largest (disclosed) transaction.
  • This is CareTrust’s 1st transaction in the United States.

M&A Deal Summary

Date 2014-10-28
Target Cross Healthcare - Seniors Housing Portfolio
Sector Real Estate
Buyer(s) CareTrust
Sellers(s) Cross Healthcare
Deal Type Divestiture
Deal Value 12M USD

Target

Cross Healthcare - Seniors Housing Portfolio

United States
Cross Healthcare - Seniors Housing Portfolio includes 90 units of housing facilities.

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Buyer(S) 1

Buyer

CareTrust

San Clemente, California, United States

website


Category Company
Sector Real Estate
Employees15
Revenue 188M USD (2022)
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 1 of 5
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 5
Year (2014) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-02 Shamrock Nursing and Rehab Center

Dublin, Georgia, United States

Shamrock Nursing and Rehab Center is a 105-bed skilled nursing facility located in Dublin, Georgia.

Buy $8M

Seller(S) 1

SELLER

Cross Healthcare

Idaho Falls, Idaho, United States

Category Company
Founded 2012
Sector Real Estate
DESCRIPTION

Cross Healthcare LLC is a provider of living and seniors housing facilities.


DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1