In a notable development within the healthcare investment landscape, 980 Investments, led by co-founders Naftali Zanziper and Simcha Hyman, has completed another strategic acquisition in Monticello, Kentucky. The transaction involves a 59-bed licensed healthcare facility, marking a significant addition to their expanding healthcare services portfolio.
The Monticello property, which traces its origins to 1977 when first developed by the Hicks Family, underwent key expansions in 1985 and 1993. Located at 1901 Kentucky Highway 90, this acquisition demonstrates the sophisticated investment approach that has become synonymous with Zanziper’s business strategy.
The transaction structure highlights 980 Investments’ innovative methodology, employing a two-step process where a third-party LLC initially acquires the property, followed by 980 Investments executing a stock purchase of the entity. This approach exemplifies the strategic thinking that has fueled their expansion in the healthcare sector.
Under the leadership of Naftali Zanziper and his partner, 980 Investments has established an impressive healthcare presence, overseeing more than 200 facilities and 22,500 beds across 13+ states. Their operational framework encompasses 16 management companies, reflecting their comprehensive approach to healthcare facility administration. This particular transaction marks their fifth collaboration with Northland Networks, emphasizing the strength of their institutional relationships.
The financial architecture reveals a carefully balanced approach to growth and risk management. The loan amount of $3,678,887 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 include 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. The personal guarantors, Zanziper and Hyman, bring substantial 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 robust foundation supporting their healthcare investment initiatives.
ClearView Healthcare, a key component of the 980 Investments family, will manage operational oversight. Their extensive experience managing 33 facilities and over 3,400 beds across Tennessee and Kentucky positions them ideally to optimize facility performance and ensure excellence in 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 reflects 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 Zanziper and 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 strategic acquisition further solidifies 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.