SSG Capital Advisors served as the investment banker to Harrison Enterprises Limited Partnership and Affiliates in the sale of its skilled nursing facilities to an affiliate of Emerald HCG LLC. The transaction closed in October 2024.
Founded in 1972, Harrison Senior Living is a licensed, multi-facility provider of skilled nursing care, assisted living, and related health services. The Company operates four facilities (two skilled nursing and two assisted living) located in Delaware, Maryland and Pennsylvania. The Company’s continuum of care, experienced team of healthcare professionals, and high quality community-centered services have made Harrison Senior Living a trusted provider of senior living and care solutions.
SSG was retained to conduct a sale process for the Company's facilities. Leveraging its significant experience in the healthcare sector, SSG canvassed a wide range of investors, attracting significant interest from strategic and financial acquirers. Following an extensive marketing effort, the Company received acquisition offers for individual facilities as well as the entire platform. Ultimately, the sale of Harrison Senior Living’s skilled nursing facilities to an affiliate of Emerald Group proved to be the best outcome for the Company’s shareholders.
SSG’s experience working with healthcare companies and expertise running competitive sale processes enabled the Company to maximize value and partner with a reliable industry leader to steward the next phase of growth.
Emerald Group manages a large and growing footprint of senior living communities that offer a vast array of senior care services.
Other professionals who worked on the transaction include:
- Herbert R. Fineburg, Joseph M. Armstrong, and Suzan A. Kramer of Offit Kurman, P.A., counsel to Harrison Senior Living; and
- Daniel A. Gottesman, Raymond D. Seiler, and Michael L. Gurman of UB Greensfelder, LLP, counsel to Emerald Group.