Windward Health Partners said it received “significant investment returns” in the sale of an assisted living center in Texas.
RWS Healthcare, a portfolio company of Tampa-based Windward, sold The Arbor Assisted Living Facility in Nacogdoches, Texas to Prevarian Senor Living. The sale price was not disclosed in a press release announcing the deal.
Skyway Capital Partners’ Bryan Crino, president and co-founder, and Scott Feuer, CEO and co-founder, in the Tampa office in 2008.
The transaction builds on Windward’s track record of significant investment returns in the lower middle market and the health care space, Scott Feuer, Windward co-founder, said in the press release.
“The key to our success is bringing tactical planning and execution to our deals, not just capital. To get good returns in the lower middle market requires patience and an ability to improve current operations,” said Bryan Crino, Windward co-founder.
Crino and Feuer funded Windward, a private investment and holding company, with their personal earnings from Skyway Capital Partners, a private equity firm they also co-founded. RWS is one of five portfolio firms.
The Arbor, built in 1996, was 93 percent occupied at the time of the sale. Marcus & Millichap represented RWS in the transaction.