Diversicare Acquires St. Martin’s in the Pines

Ziegler, a specialty investment bank, is pleased to announce its role as exclusive sell-side financial advisor to the sale of St. Martin’s in the Pines, a 316-unit, fully licensed, life plan community located east of Birmingham, AL, (“SMP” or the “Community”). The Community is composed of a four-story independent living facility with 97 apartments, a two-story assisted living and memory care facility with 40 assisted living units and 51 memory care units, and a skilled nursing campus (including greenhouse “cottages”) with 128 skilled nursing and short-term rehabilitation beds. Diversicare Healthcare Services, Inc. (Diversicare), based in Brentwood, TN, purchased the Community just ahead of the Thanksgiving holiday.

Read the full article: Diversicare Acquires St. Martin’s in the Pines //

Source: https://www.prweb.com/releases/ziegler-advises-the-sale-of-st-martins-of-the-pines2023-301994463.html

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