Behrman Buys Post-Accute Facilities

Behrman Capital has acquired a portfolio of 35 post-acute care facilities from a group of private investors for approximately $250 million. Merrill Lynch Capital arranged a senior term loan to help finance the deal. The 35 facilities, which collectively have more than 3,500 patient beds, will be owned by a newly created entity, Ark Holdings, which Behrman intends to use as a platform for a build-up strategy in the post-acute care sector.