PRESS RELEASES

Ziegler is pleased to announce the successful closing of ACTS Retirement-Life Communities $163,100,000 Series 2025 Bonds. Headquartered in PA and operating 28 communities in nine states, Acts will use bond proceeds to fund a variety of projects throughout PA and FL as well as refund Series 2021 Bonds issued for Mease Life, a recent affiliate with Acts. 

Ziegler is pleased to announce the successful closing of Fairview’s $7,500,000 Series 2025A Bond Anticipation Notes. Located in Groton, CT on a 70-acre campus, Fairview will use BANs proceeds to fund predevelopment costs for a campus repositioning project, transforming the campus into a more modern and sustainable CCRC model.

Ziegler is pleased to announce its role in the successful closing of $230,250,000 of Series 2025 Bonds for Bella Vida Forefront Living. Bond proceeds will be used to fund the development and construction of a new retirement community in San Antonio, Texas. The community is planned to consist of 204 independent living residences including 164 apartments and 40 villas as well as 16 memory support suites.

Ziegler is pleased to announce the successful closing of Westminster’s $83,940,000 Series 2025 Bonds. Located in Austin, TX, proceeds from the bonds will primarily be used to fund a variety of projects designed to enhance building connectivity and resident amenities.

Ziegler is pleased to announce its role as exclusive sell-side financial advisor to Christian Horizons on the sale of its senior living and care portfolio. Ziegler was retained to sell Christian Horizons’ portfolio of 11 senior living communities and its wholly owned institutional pharmacy company.

Ziegler is pleased to announce its exclusive financial advisory role in the sale of a 60+ bed assisted living and memory care community located in Greater Metropolitan Minneapolis. Acting as the advisor to a 501(c)(3) nonprofit organization serving elderly and disabled people in the Twin Cities, Ziegler facilitated the transaction, which resulted in the campus being acquired by a prominent, local operator.

Ziegler is pleased to announce the successful closing of Luthercare’s $31,520,000 Series 2025A and 2025B Bonds. Located in Lilitz, PA, Luthercare currently operates two communities in Lancaster County (Luther Acres and St. John’s Herr Estate) that collectively include 678 units. Bond proceeds will primarily be used to refinance existing debt.

Ziegler is pleased to announce it served as the exclusive financial advisor to Philips (NYSE: PHG) on the sale of its Direct Radiology business, to ONRAD Inc., a portfolio company of private equity firm Housatonic Partners. Direct Radiology provides remote diagnostic image interpretation services to over 430 hospitals and healthcare facilities nationwide with a team of 80 radiologists.

Ziegler is pleased to announce the successful closing of Masonicare’s Series 2024 Taxable Loan totaling $17,000,000. With locations throughout CT, Masonicare will primarily use the loan proceeds to fund the purchase of Altria at Greenridge Place, a 108-unit independent living / assisted living community in Rocky Hill, CT. The acquired entity will now be known as Masonicare at Rocky Hill.

Ziegler is pleased to announce the successful closing of Sun Health’s $56,750,000 Taxable Term Loan. Loan proceeds will primarily be used to fund the acquisition of Freedom Plaza, a Life Plan Community located in the West Valley of Phoenix consisting of 336 independent living units, 64 assisted living units, 16 memory care units and 76 skilled nursing beds.