Ziegler, a specialty investment bank, is pleased to announce its
role as exclusive financial advisor to Bethesda Senior Living (or
"Bethesda") on the sale of an assisted living community located in
Grand Junction, Colorado (the
"Community").
CHICAGO, May 23, 2024
/PRNewswire-PRWeb/ -- Ziegler, a specialty investment bank, is
pleased to announce its role as exclusive financial advisor to
Bethesda Senior Living (or "Bethesda") on the sale of an assisted
living community located in Grand
Junction, Colorado (the "Community").
Eric
Johnson, Managing Director in Ziegler's Senior Housing &
Care Practice commented, "We're happy to have been able to find a
well-respected operator to come in and seamlessly take over the
community,..."
Bethesda Senior Living is a faith-based, not-for-profit
organization with over 60 years of experience. Currently, they
oversee a network of over 20 communities spanning the Midwest and
West regions.
Cornerstone Management (Cornerstone) purchased the community in
conjunction with a private real estate fund and took over
operations on May 1, 2024.
Cornerstone has over 60 years of combined leadership experience and
manages senior living communities and multi-family properties in
four states. Their operations within the senior living sector cater
to markets pivotal to the United
States' senior boom. These markets demonstrate adaptability
to an expanding aging population through innovation and data-driven
decision-making, underpinned by strong return on investment and
management expertise.
Eric Johnson, Managing Director
in Ziegler's Senior Housing & Care Practice commented, "We're
happy to have been able to find a well-respected operator to come
in and seamlessly take over the community, while helping Bethesda
move on from one of their non-core assets to be able to focus on
the growth of their mission driven business."
Ziegler Senior Housing & Care Finance is focused on
delivering best-in-class advisory and financing solutions for
companies and organizations across the healthcare industry. In our
core practice areas of healthcare services, information technology,
hospitals and senior living, Ziegler is one of the most active
M&A firms offering innovative sell-side, buy-side,
recapitalization/restructuring, equity private placement and
strategic partnering services.
For more information about Ziegler, please visit us at
http://www.ziegler.com.
About Ziegler:
Ziegler is a privately held, national boutique investment bank,
capital markets and proprietary investments firm. It has a
unique focus on healthcare, senior living and education sectors,
as well as general municipal and structured finance.
Headquartered in Chicago with
regional and branch offices throughout the U.S., Ziegler
provides its clients with capital raising, strategic
advisory services, fixed income sales, underwriting and
trading as well as Ziegler Credit, Surveillance and Analytics. To
learn more, visit http://www.ziegler.com.
Certain comments in this news release represent forward-looking
statements made pursuant to the provisions of the Private
Securities Litigation Reform Act of 1995. This client's experience
may not be representative of the experience of other clients, nor
is it indicative of future performance or success. The
forward-looking statements are subject to a number of risks and
uncertainties, in particular, the overall financial health of the
securities industry, the strength of the healthcare sector of the
U.S. economy and the municipal securities marketplace, the ability
of the Company to underwrite and distribute securities, the market
value of mutual fund portfolios and separate account portfolios
advised by the Company, the volume of sales by its retail brokers,
the outcome of pending litigation, and the ability to attract and
retain qualified employees.
Media Contact
Christine
McCarty, Ziegler, 3125961617, cmccarty@ziegler.com,
www.ziegler.com
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SOURCE Ziegler