Safanad and Formation Capital Acquire US Extendicare Business for US $870 million

New York, NY – July 2, 2015

Safanad Limited, the global principal investment firm, and Formation Capital LLC, a healthcare focused private investment firm together with a group of investors, have completed the acquisition of substantially all of Extendicare Inc.’s U.S. business for US $870 million.

The transaction comprised over 160 senior care centers across 12 states, including […]

July 6th, 2015|

HC-ONE Acquires Meridian Healthcare 30 Home Portfolio

London, 8th February 2015

The owners of Meridian Healthcare Group have chosen HC-One for the sale of its 30 homes company, in a deal which will ensure the continued provision of the very best care in Greater Manchester, Merseyside, West Yorkshire, North Lincolnshire, Cheshire and Derbyshire.

Over the last 15 years Meridian Healthcare has grown to be […]

February 9th, 2015|

Safanad and Formation Capital to Buy US Business of Extendicare

New York, NY – November 7, 2014

Safanad and Formation Capital enter into Definitive Agreement to Buy the US Business of Extendicare for US$ 870 million
Safanad, the global principal investment firm, and Formation Capital LLC, a healthcare focused private investment firm, together with a group of investors, announced they have entered into a definitive share purchase […]

November 9th, 2014|

Formation and Safanad Join with Court Cavendish to Acquire NHP

LONDON, 3 November 2014

NHP has today announced that Formation Capital in partnership with Safanad, a global principal investment firm, and Court Cavendish, the healthcare turnaround specialist and the management team at HC-One, have signed a binding commitment to acquire NHP. The deal is expected to complete in November 2014.

NHP, which comprises 273 Freehold care homes, […]

November 3rd, 2014|

Formation Capital And Safanad Close On $150 Million Skilled Nursing Portfolio

Formation Capital and Safanad close on $150 million skilled nursing portfolio. 

Press Release

New York, NY – July 18, 2014 – Formation Capital, a healthcare focused private investment firm, together with Safanad Limited, a global principal investment firm, today announced the acquisition of fourteen skilled nursing facilities in the mid-Atlantic region for approximately $150 million.  The portfolio […]

July 18th, 2014|

Safanad and Ron Packard Announce Launch of Pansophic Learning

Safanad Limited, a global principal investment firm, and Ron Packard, K12 Inc. founder and former CEO, today announced the launch of Pansophic Learning, a new company whose mission will be to provide access to a high quality education for every student worldwide.

Press Release
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June 13th, 2014|

Formation Capital and Safanad to Sell $1 Billion Healthcare Real Estate Portfolio

Formation Capital (“Formation”) and Safanad Limited (“Safanad”) today announced that they have entered into an agreement to sell a $1.05 billion healthcare real estate portfolio comprised of 43 primarily private-pay senior housing facilities and 37 skilled nursing facilities (the “Portfolio”) to NorthStar Realty Finance Corp.

Press Release
[…]

March 17th, 2014|