Cahill Group Buys Midwest Healthcare Businesses From Rosewood for $250 Million
CHICAGO and ST. LOUIS, Jan. 13, 2014 /PRNewswire/ — The Cahill Group today announced that it has completed the $250 million acquisition of the Rosewood skilled nursing and health care portfolio based in St. Louis.
The acquisition includes skilled nursing facilities, senior living, home health, and other related management and service companies in St. Louis and Illinois. The new company will be renamed Cahill Rosewood.
Cahill Group is led by Mark Yampol, who is a third-generation health care operator.
“The Rosewood brand is very strong, and Rosewood is one of the best managed providers delivering excellent care,” Yampol said. “These businesses will form the foundation for Cahill’s planned growth in the healthcare arena.”
The transaction was financed by a combination of equity and loans with Holland & Knight serving as legal counsel.
Cahill Rosewood Media Contact: Ron Iori
SOURCE Cahill Group