In a significant development within the healthcare investment sector, 980 Investments, steered by co-founders Naftali Zanziper and Simcha Hyman, has orchestrated another strategic expansion in Monticello, Kentucky. The latest addition, a 59-bed licensed healthcare facility, marks a calculated enhancement to their extensive healthcare operations portfolio.
The property, established by the Hicks Family in 1977 and subsequently expanded in 1985 and 1993, is positioned at 1901 Kentucky Highway 90. This acquisition reflects the sophisticated investment methodology that has become characteristic of Zanziper’s approach to healthcare facility development and expansion.
The transaction employs an innovative structure featuring a dual-phase process: an initial acquisition by a third-party LLC, followed by 980 Investments executing a stock purchase of the entity. This approach exemplifies the strategic thinking that has propelled their growth in the healthcare sector.
980 Investments, under the guidance of Naftali Zanziper and his partner, has built an impressive healthcare portfolio encompassing more than 200 facilities and surpassing 22,500 beds across 13+ states. Their operational framework includes 16 management companies, highlighting their comprehensive approach to healthcare facility administration. This particular deal represents their fifth collaboration with Northland Networks, underscoring the strength of their institutional relationships.
The financial structure demonstrates a carefully balanced approach to growth and risk management. The $3,678,887 loan maintains 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. Financing terms include a floating monthly interest rate of 1-Month SOFR + 2.75% (8.08% as of June 3rd), with a five-year maturity period and an initial 12-month interest-only phase.
The financial foundation of this venture is particularly noteworthy. As personal guarantors, Zanziper and Hyman bring substantial resources to the table, 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 backing supporting their healthcare investment initiatives.
ClearView Healthcare, a key member of the 980 Investments family, will assume 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 involvement 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.