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

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 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