A notable milestone in healthcare facility investment has been achieved as 980 Investments, co-founded by Naftali Zanziper and Simcha Hyman, finalizes its latest strategic acquisition in Monticello, Kentucky. The transaction centers on a 59-bed licensed healthcare facility, representing a calculated expansion of their healthcare services portfolio.
The facility, which has a rich history dating back to its establishment by the Hicks Family in 1977, underwent strategic expansions in 1985 and 1993. Located at 1901 Kentucky Highway 90, this property acquisition exemplifies the sophisticated investment methodology that has become synonymous with Zanziper’s approach to healthcare facility development.
The transaction employs an innovative acquisition structure: initial purchase through a third-party LLC, followed by 980 Investments completing a stock purchase of the entity. This approach underscores the strategic thinking that has propelled the firm’s growth in the healthcare sector.
980 Investments, under the leadership of Naftali Zanziper and his partner, has developed an extensive healthcare network comprising more than 200 facilities and exceeding 22,500 beds across 13+ states. Their operational structure includes 16 management companies, demonstrating their comprehensive approach to healthcare facility administration. This deal marks their fifth collaboration with Northland Networks, highlighting the strength of their institutional relationships.
The financial framework reveals a carefully balanced approach to expansion 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. This improves 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 underpinning of this venture is particularly impressive. The 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 figures underscore the robust foundation supporting their healthcare investment initiatives.
Operational oversight will be entrusted to ClearView Healthcare, a key component of the 980 Investments family. Their extensive experience managing 33 facilities and over 3,400 beds across Tennessee and Kentucky positions them ideally to optimize facility performance and ensure high-quality 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 continued 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.