Skilled Nursing Dealbook: Arizona Nonprofit Sells for $30M-Plus, Viventium Acquires Apploi
•February 9, 2026
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Why It Matters
The Arizona sale demonstrates that strategic positioning can unlock value even in under‑performing skilled‑nursing assets, while Viventium’s acquisition aims to solve chronic staffing and compliance challenges through integrated technology, reshaping the long‑term‑care operating model.
Key Takeaways
- •Glencroft sold for $30.15M, $134k per bed
- •Sale price doubled seller’s expectations via competitive bidding
- •Facility operated at 47% occupancy, 1‑star CMS rating
- •Viventium adds Apploi to create unified HCM platform
- •Integration targets staffing shortages and compliance in long‑term care
Pulse Analysis
The skilled‑nursing sector continues to attract capital as investors seek upside in assets that combine location advantage with operational improvement potential. Glencroft Center’s $30.15 million transaction illustrates how a well‑located, under‑occupied facility can command premium pricing when advisors emphasize turnaround opportunities and referral network strength. This approach not only raises seller proceeds but also signals to operators that strategic acquisitions can deliver rapid revenue growth despite low current occupancy.
Viventium’s purchase of Apploi reflects a broader shift toward technology‑driven workforce management in health‑care. By merging Apploi’s hiring and credentialing tools with Viventium’s payroll and scheduling suite, the combined platform promises a single source of truth for employee data, reducing compliance risk and addressing the chronic labor shortage in post‑acute and long‑term care. The unified solution enables providers to streamline recruiting, onboarding, and time‑tracking, ultimately improving caregiver retention and patient outcomes.
These deals highlight an accelerating consolidation trend across senior‑care real estate and software. Investors are increasingly valuing cash‑flowing, compliant facilities and integrated tech stacks that can deliver cost efficiencies and scalability. For operators, the message is clear: embracing technology and positioning assets for strategic sale can unlock significant value, while for capital partners, the appetite for well‑structured, high‑growth opportunities in the aging services market remains robust.
Skilled Nursing Dealbook: Arizona Nonprofit Sells for $30M-Plus, Viventium Acquires Apploi
ESI assisted in the $30.15 sale of Glencroft Center for Modern Aging in Arizona. Meanwhile, human capital management provider Viventium acquired scheduling platform Apploi for an undisclosed sum, all with end-to-end employee streamlining in mind.
Nonprofit in Arizona Sells for $30.15 million
Evans Senior Investments (ESI) announced the sale of a 225-bed skilled nursing facility in Glendale, Ariz. for $30.15 million, or $134,000 per bed.
ESI represented the owner of nonprofit Glencroft Center for Modern Aging seeking to exit the sector.
At the time of marketing, the property had significant turnaround opportunities, operating at 47% occupancy and with a 1-star CMS rating. But, the property sits in a prime location, offering a built-in referral network for the new operator, ESI said.
“Evans Senior Investments helped Glencroft to determine the value of the skilled nursing facility,” said John Thorhaue, CEO for the Glencroft Center for Modern Aging. “We are very pleased with their work as they were able to get us a price substantially higher than expected.”
The nonprofit seller was ready to accept an offer far lower than the final purchase price, but ESI generated a competitive bidding environment by strategically highlighting operational upside, doubling proceeds from the sale.
Viventium acquires Apploi
Human capital management provider Viventium acquired Apploi for an undisclosed amount, with the deal closing on Jan. 30. The acquisition was done to create a unified, human capital management platform built with post-acute and long-term care markets in mind, the companies said.
Recruiting, credentialing, onboarding, payroll, HR, scheduling and time and attendance will all be brought into a single system of record designed for health care compliance across the country.
The company plans to streamline the entire employee lifecycle, with Apploi’s hiring and credentialing tools as well as Viventium’s payroll and workforce management capabilities, in turn addressing ongoing labor shortages and regulatory complexity caused by fragmented, generalist software.
“Our mission has always been to solve the staffing crisis in health care,” Apploi CEO Adam Lewis said in a statement. “Joining Viventium allows us to take that mission further than ever before. We are moving beyond just hiring to support the full employee lifecycle, ensuring a better experience for caregivers and more stability for the organizations they serve.”
Blueprint Assists in 3-Property Ohio Sale
Blueprint advised Lutheran Social Services in the sale of its three-facility portfolio in Ohio to MFA, a regional owner and operator completing its second acquisition in the state and further expanding the company’s existing footprint in the region.
Kensington Place, Lutheran Village of Ashland, and The Good Shepherd Health and Rehabilitation Center consist of 300 skilled nursing beds and senior housing units, all cash-flowing at the time of sale, Blueprint reported. The properties had stable operations and consistent demand across respective markets.
Five offers were made for the portfolio, driving maximum pricing and execution certainty for the seller, Blueprint said.
Continuity of care for residents and staff was ensured while positioning MFA for long-term operational and strategic growth. The deal also underscores continued investor demand for performing senior care portfolios, Blueprint said.
The post Skilled Nursing Dealbook: Arizona Nonprofit Sells for $30M-Plus, Viventium Acquires Apploi appeared first on Skilled Nursing News.
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