Altitude In The News

CHAMPAIGN, Ill. (WCCU) — The Champaign County Nursing Home has a new owner and a new name after several months of delays. The facility was sold Monday to University Rehab Real Estate for a final price of $11 million. There were $1,340,000 in credits made to the buyer. This was negotiated as adjustments against the final sale price. The nursing home will be renamed to the University Rehabilitation Center of C-U. Watch the Video ...

URBANA — After months of delays and financial bailouts, the former Champaign County Nursing Home in Urbana has officially changed hands. County officials finalized the sale to the new owner Monday, according to County Executive Darlene Kloeppel. That was the deadline to complete the transaction that was approved by state regulators in the latest of two extensions granted after two earlier deadlines couldn't be met. View the Story ...

[excerpt] Champaign County government no longer operates a nursing home. The sale of the Champaign County Nursing Home to a private firm managed by William “Avi” Rothner was officially finalized as of 12:01 AM, Monday. On Tuesday, employees at the facility in Urbana were answering the phone by identifying the nursing home as University Rehabilitation Center of C-U, or University Rehab. County Executive Darlene Kloeppel says the sale ends years of efforts to shore up the nursing home’s finances under county ownership. Those efforts included the construction of a new nursing home building, passage of special taxes to help pay ...

We are happy to share the news that Providence Life Services announced the successful transfer of ownership and operations of Palos Heights Nursing Home to Altitude Investments effective March 1, 2019 on their website: https://www.providencelifeservices.com/providence-healthcare-palos-acquired-by-altitude-investments/ “After strategic long-range planning and a thorough review of the organization’s fiduciary responsibilities, Providence Life Services’ Board of Directors and Board of Governors both unanimously agreed to divest ownership of this facility,” said Richard Van Hattem, Providence Life Services Board Chair. “This decision did not come easily. After diligent consideration, we determined that this decision offered Providence Life Services the opportunity to better serve more ...

Despite the declines in the market, Altitude has raised NIS 180 million Arik Rotner's American real estate company has raised demand of NIS 203 million and raised its money at the maximum interest rate of 6.5. Despite the high yields in which US real estate companies are traded, Altitude has managed  to raise NIS 180 million for a new bond series. Altitude won demand of NIS 203 million and raised its money at the maximum interest rate of 6.5%. The IPO included, among others, Mor, The Phoenix and IBI. The IPO was carried out by Peleg Pe'er and Yair Efrati of Wallace Bayes. Read the ...