(New York, NY – September 1st, 2015) – Safanad, the global principal investment firm, and Aspen Heights, a developer and operator of off campus student housing across the United States, announced they have entered into a strategic partnership to target newly developed purpose built student housing properties at large universities. As part of this agreement, […]
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 $870 million.
The transaction comprised over 160 senior care centers across 12 states, including […]
London, 8th February 2015
The owners of Meridian Healthcare Group have chosen HC-One for the sale of its 30 homes company, in a deal which will ensure the continued provision of the very best care in Greater Manchester, Merseyside, West Yorkshire, North Lincolnshire, Cheshire and Derbyshire.
Over the last 15 years Meridian Healthcare has grown to be […]
New York, NY – November 7, 2014
Safanad and Formation Capital enter into Definitive Agreement to Buy the US Business of Extendicare for US$ 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 […]
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, […]
Formation Capital and Safanad close on $150 million skilled nursing portfolio.
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 […]
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.
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.