Monarch Healthcare Management (“Monarch”) is a privately held healthcare owner and operator specializing in the acquisition and management of high quality skilled nursing facilities. Headquartered in Mankato, Minnesota, Monarch operates 32 skilled nursing and assisted living facilities located primarily in Minnesota with two facilities in Wisconsin. As a care focused operator, Monarch’s mission is to change the way short-term rehabilitation and long-term healthcare is delivered, striving to put residents, tenants, and families first through its commitment to Innovative Care and 5-star Customer Service.
Monarch has grown through a series of strategic acquisitions, with the first completed in July 2015. Monarch has a strong track record of improving financial performance at facilities it has acquired through a combination of driving census, improving quality mix, and reducing expenses through the implementation of more favorable vendor and third party contracts.
Sims previously partnered with Monarch in December of 2017 to provide financing for the acquisition of a portfolio of two healthcare campuses totaling 229 assisted living and nursing beds in Minnesota. Sims, along with a bank partner, provided a $22.6 million high-leverage first mortgage loan to fund the acquisition. Following the acquisition Monarch successfully implemented a number of operational improvements, improving annualized EBITDA by over 100% compared to the 12-month period prior to assuming operations.
HJ Sims formed a new entity, Monarch Funding II, LLC (the “Sims Issuer”), to issue taxable bonds to fund the Sims portion of the loan. Through its Private Client Group, Sims sold $2.1 million of subordinate first mortgage taxable bonds to high net worth accredited investors. The financing closed on May 1, approximately nine months after Monarch acquired the Community.
For more information on how Monarch Financing II was Financed Right® by HJ Sims, please contact Jeff Sands at (203) 418-9002 or firstname.lastname@example.org or Curtis King at (512) 519-5003 or email@example.com.