Business

Naftali Zanziper’s 980 Investments Expands Healthcare Portfolio with Kentucky Acquisition

A significant development in healthcare facility investment has emerged as 980 Investments, co-directed by Naftali Zanziper and Simcha Hyman, secures its latest strategic asset in Monticello, Kentucky. The acquisition involves a 59-bed licensed healthcare facility, adding another key property to their extensive healthcare infrastructure portfolio.

Originally established by the Hicks Family in 1977, with subsequent developments in 1985 and 1993, the Monticello facility at 1901 Kentucky Highway 90 represents an important addition to the company’s growing healthcare network. The transaction structure demonstrates the sophisticated investment approach that has become characteristic of 980 Investments’ expansion strategy.

The acquisition process showcases an innovative two-tier approach where a third-party LLC will initially acquire the property, followed by 980 Investments executing a stock purchase of the entity. This methodology exemplifies Naftali Zanziper’s strategic approach to healthcare facility investment and management.

980 Investments, under the guidance of Zanziper and his partner, has cultivated an impressive healthcare portfolio encompassing over 200 facilities and more than 22,500 beds across 13+ states. Their operational framework includes 16 management companies, highlighting their comprehensive approach to healthcare facility administration. This particular transaction marks their fifth collaboration with Northland Networks, underlining the strength of their institutional partnerships.

The financial structure reflects a balanced approach to growth and risk management. The $3,678,887 loan represents a conservative 65% loan-to-value ratio based on the current valuation of $5,660,000, improving to 53.7% when considering the projected stabilized value of $6,850,000. The financing terms feature a floating monthly interest rate of 1-Month SOFR + 2.75% (8.08% as of June 3rd), structured with a five-year maturity period and an initial 12-month interest-only phase.

The financial backing of this venture is particularly noteworthy. Zanziper and Hyman serve as personal guarantors, bringing extraordinary financial resources with a combined net worth of $1.45 billion, liquid assets of $81.9 million, and total assets of $3.42 billion. These impressive figures underscore the solid foundation supporting their healthcare investment initiatives.

ClearView Healthcare, an integral part of the 980 Investments family, will oversee operational management. Their extensive experience managing 33 facilities and over 3,400 beds across Tennessee and Kentucky positions them ideally to optimize the facility’s performance and ensure high-quality care delivery.

The participation of Northland Networks, Inc., a subsidiary of First National of Nebraska, adds institutional credibility to the venture. This partnership facilitates connections between developers, lenders, and investors across thirty states, creating diverse opportunities within the healthcare investment sector.

The establishment of Monticello KY Propco LLC as the borrowing entity demonstrates the sophisticated approach to healthcare facility acquisition that has become a hallmark of 980 Investments’ strategy. This methodology has enabled them to build and maintain a substantial presence in the healthcare sector while ensuring operational excellence across their facilities.

The expansion of 980 Investments under Zanziper’s co-leadership represents a significant development in the healthcare investment landscape. Their ability to combine strategic acquisition practices with professional management expertise has created a model that benefits both investors and healthcare service recipients.

As the healthcare sector continues to evolve, this latest acquisition demonstrates 980 Investments’ commitment to strategic growth while maintaining sound investment principles. The combination of strong financial backing, experienced management, and strategic partnership with established financial institutions positions this venture for success.

The proven track record of 980 Investments in managing and growing healthcare facilities suggests that this latest addition will enhance their portfolio while contributing to the advancement of healthcare services in Kentucky. Their continued expansion and success in managing an extensive network of facilities underscores the effectiveness of their investment and operational strategies in meeting the growing demands of the healthcare sector.

This latest venture reinforces 980 Investments’ position as a leader in healthcare facility investment and management, while demonstrating their ongoing commitment to expanding quality healthcare services across multiple states.

Related Articles

Back to top button