Dresner Partners Advised Reliant Care Management Company In Its Sale Of A Portfolio Of Skilled Nursing Facilities To Griffin-American Healthcare
|Monday, December 17, 2018|
FOR IMMEDIATE RELEASE
DRESNER PARTNERS ADVISED
RELIANT CARE MANAGEMENT COMPANY
IN ITS SALE OF A PORTFOLIO OF SKILLED NURSING FACILITIES TO GRIFFIN-AMERICAN HEALTHCARE REIT IV
CHICAGO – October 10, 2018 – Dresner Partners, a leading FINRA-registered, middle-market investment bank headquartered in Chicago, is pleased to announce that it advised Reliant Care Management Company, LLC in its sale of a portfolio of eight skilled nursing facilities totaling 1,112 licensed beds throughout the state of Missouri, to Griffin-American Healthcare REIT IV, Inc. Griffin-American Healthcare REIT IV is co-sponsored by American Healthcare Investors and Griffin Capital Company, LLC. Terms of the transaction were not disclosed.
Reliant Care Management Company, LLC and the facilities it manages are dedicated to providing quality care in a caring and dignified manner predominantly to both the frail elderly geriatric population and to those eighteen years of age and older who are afflicted with mental illnesses, in addition to a primary medical diagnosis. More information on Reliant Care Management Company, LLC can be found at http://reliantcaremgmt.com/.
Griffin-American Healthcare REIT IV, Inc. is a diversified healthcare-focused real estate investment trust that owns a growing nationwide portfolio comprised of medical office buildings, senior housing facilities and skilled nursing facilities valued in excess of $800 million, based on aggregate contract purchase price. More information on Griffin-American Healthcare REIT IV can be found at https://www.griffincapital.com/griffin-american-healthcare-reit-iv/
“We would like to thank Dresner Partners for their dedication in completing this transaction,” said Rick DeStefane, President and CEO of Reliant Care Management Company. “We are very happy with the outcome and appreciative of the transaction advice and knowledge of the post-acute sector that the Dresner team brought to the table.”
“Reliant Care Management and Griffin-American Healthcare REIT IV are best-in-class operators and both should benefit from this powerful partnership,” said Mitchell Stern, Managing Director and Head of Dresner Partners’ Healthcare Group.
“It was a pleasure working with the teams at both Reliant Care Management and Griffin-American to construct and consummate this transaction,” said Paul Hoffman, Managing Director at Dresner Partners.
“It was a privilege to represent Reliant Care Management,” said Steven Dresner, President of Dresner Partners. “I would like to thank Mitchell Stern, Paul Hoffman, Brian Schofield and the rest of the Dresner Healthcare team who advised Reliant.”
About Dresner Partners / IMAP
Dresner Partners is a FINRA-registered, middle-market investment bank headquartered in Chicago, with offices in New York City, Boston, Fort Lauderdale, Fla., and Irvine and Palo Alto, Calif. For 27 years, Dresner Partners has provided financial advisory services to middle-market companies throughout the world, including institutional private placements of debt and equity, merger and acquisitions advisory, financial restructuring & corporate turnarounds, valuations and strategic consulting services. Dresner Partners is a member of IMAP, the world’s leading global mergers and acquisitions partnership focused on the middle market. Founded in 1973, IMAP has more than 60 offices across the globe that work together seamlessly to deliver exceptional value to its clients. An affiliated company, Dresner Corporate Services, is a strategic communications firm specializing in public and investor relations. More information is available at www.dresnerpartners.com or http://www.imap.com/city?city=Chicago. You can also follow Dresner Partners on Twitter at www.twitter.com/DresnerPartners.
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