Fundamental, Senior Care Development To Form $1 Billion Skilled Nursing Joint Venture

Fundamental Advisors LP (Fundamental) and Senior Care Development (Senior Care) recently announced they are partnering to form a $1 billion skilled nursing joint venture. The two hope to accomplish this by combining Fundamental’s alternative asset management expertise with Senior Care’s experience in continuing care retirement communities (CCRC) and skilled nursing assets.

The two organizations have experience working together, as they recently collaborated to restructure the debt held by Tandem Health Care. The pair have also worked together on a number of other collaborations over the past ten years, including a CCRC in the suburbs of Chicago, Illinois. On . . .