Dan is a partner and an accomplished corporate healthcare attorney. He maintains a national practice focused on the senior housing industry, and regularly represents owners, operators and long-term care investors in all aspects of senior housing transactions, including acquisitions and divestitures, leasing, financing, joint ventures, licensing and certification.
Dan's understanding of the complex regulatory landscape facing providers allows him to adeptly navigate issues that arise in drafting and negotiating purchase agreements, operations transfer agreements and leases. He prides himself in understanding the unique needs and objectives of each client in order to overcome obstacles and close transactions.
Representative Experience
- Represented the purchaser in the acquisition of two skilled nursing facilities in Wisconsin and the subsequent financing through the HUD 232(f) loan program.
- Represented the buyer in the acquisition and financing of a skilled nursing facility and personal care home in Georgia.
- Represented Integra Health Properties (“Integra”) in connection with its joint venture and master lease with Welltower for a portfolio of 147 nursing facilities.
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Benesch represented Integra Health Properties (“Integra”) in connection with its joint venture and master lease with Welltower for a portfolio of 147 nursing facilities. As part of the transaction, Integra is subleasing the nursing facilities to approximately 15 regional operators. Benesch worked with Integra to facilitate a seamless transition to these new operators by negotiating and closing upon customary management and operations transfer agreements, subleases and other related documents. On December 22, 2022, the first tranche of the transaction closed.
- Ongoing representation of The CommuniCare Family of Companies including in the last year acquiring over 35 facilities in several states, acquiring a 750-unit senior living center in Indianapolis, and several other real estate matters, financed by REITs, commercial banks, and private equity firms.
- Representation of a venture capital and private equity firm in the purchase or lease of 20 healthcare facilities in Missouri and the purchase of 17 facilities in Ohio. Since the Ohio facilities became operational, we have continued to represent the firm in four tuck-in acquisitions.
- Represented Ohio Living Communities, an affiliate of Ohio Living, in the sale of the Park Vista continuing care retirement community in Youngstown, Ohio to Natick HCG, LLC.
- Represented buyer in the acquisition of 17 skilled nursing and assisted living facilities in the State of Ohio, including negotiation and coordination of the operations transfer.
- Represented a regional health system in the reorganization of its home health and hospice service lines through a spin out and joint venture with a management company.
- Represented regional nursing home operator in the leasing and the operations transfer of 4 nursing facilities in the State of Wisconsin, including lender negotiations with respect to working capital financing.
