Ziegler, a specialty investment bank, is pleased to announce its role as exclusive sell-side financial advisor in the sale of St. Mary of the Woods, a 179-bed/unit continuing care retirement community located in Avon, Ohio ("SMOW" or the "Community") on behalf of Atrium Centers.
CHICAGO, Dec. 9, 2024 /PRNewswire-PRWeb/ -- Ziegler, a specialty investment bank, is pleased to announce its role as exclusive sell-side financial advisor in the sale of St. Mary of the Woods, a 179-bed/unit continuing care retirement community located in Avon, Ohio ("SMOW" or the "Community") on behalf of Atrium Centers.
Originally acquired out of bankruptcy in 2012, Atrium Centers completed several significant property enhancements, including the expansion of the campus' skilled nursing services. Since then, SMOW has built an outstanding reputation for quality of care, earning widespread acclaim for its services, most recently being recognized as a Best Nursing Home 2024 by U.S. News & World Report.
The new owner, Saint Therese, aims to continue the legacy of strong patient-focused care. Saint Therese is a Catholic-based, not-for-profit organization dedicated to providing exceptional senior living and care services. With over 50 years of experience, the organization has earned a reputation as a trusted leader in the senior care industry, driven by its commitment to compassionate care and innovative practices. Saint Therese offers a comprehensive continuum of care, including independent living, assisted living, skilled nursing, memory care, and hospice services, across multiple campuses.
Reflecting on the acquisition, Craig Abbott, President and CEO of Saint Therese, stated: "St. Mary of the Woods was built with a deep Catholic foundation, just as we were, and we are proud to carry on that tradition as it becomes a part of the Saint Therese family. This acquisition is part of our strategy to broaden our presence and care services in the Midwest with mission-aligned organizations."
Nick Glaisner, Managing Director in Ziegler's Senior Housing & Care Practice commented, "The acquisition of SMOW by Saint Therese, represents a homecoming of sorts. I have no doubt that the Community's catholicity and commitment to enriching the lives of its residents will endure."
The Seller, Atrium Centers — organized in 2003 by Donald Finney, CEO, and Essel Bailey, Chairman — operates as an employee stock ownership plan with 1700 employees in the Upper Midwest. The company focuses on providing quality short-term rehabilitation and long-term care services across multiple locations. Atrium Centers emphasizes personalized care, fostering a supportive environment for residents and their families. Mr. Finney and Mr. Bailey, who both have a longtime and active commitment to care for elderly and the importance of supportive and high-quality care, commented, "We are pleased to make this transition to a strong successor."
Ziegler's Senior Housing & Care Finance practice 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, [email protected], www.ziegler.com
SOURCE Ziegler
Share this article