Ziegler, a specialty investment bank, served as the exclusive sell-side financial advisor for the sale of Bethesda Rehab & Senior Care in Chicago, Illinois. The 135-bed skilled nursing facility is located on a nearly two-acre parcel at 2833 N. Nordica Avenue and features four stories. A well-known multi-generation Midwest owner and operator with control of several thousand beds purchased the property and partnered with Pearl Healthcare to take over operations of the center. Pearl Healthcare operates more than 10 facilities in Chicagoland area alone; this transaction marks another successful sale from not-for profit to for profit ownership structure.
Nick Glaisner, Managing Director in Ziegler’s Senior Housing & Care Finance Practice commented: “I was fortunate to work alongside Bethesda team as they exhibited unwavering perseverance and determination through numerous obstacles and difficult market conditions” Ziegler is a privately held national boutique investment bank providing capital markets solutions along with proprietary investments services across multiple sectors including senior housing & care finance space .
