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Dresner Partners Advised Reliant Care Management Company In Its Sale Of A Portfolio Of Skilled Nursing Facilities To Griffin-American Healthcare
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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For Media Inquiries
David Gutierrez, Head of PR and
Corporate Development, (312)780-7204, dgutierrez@dresnerco.com
For
Investment Banking Inquiries
Mitchell
Stern, Managing Director and Head of Healthcare, (954)951-0272, mstern@dresnerco.com
Paul
Hoffman, Managing Director, (312)780-7229, phoffman@dresnerco.com
Steven
M. Dresner, President, (312)780-7206, sdresner@dresnerco.com