
Generational Group Announces Sale of Stonehaven Assisted Living to Cornerstone Healthcare Group
By Generational Group
12/13/2016
Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the acquisition of its client, Stonehaven Assisted Living, of Maumelle, AR, to CHG Senior Living, a division of Cornerstone Health Group. The acquisition closed November 1, 2016. Details were not disclosed.
Stonehaven Assisted Living, located 10 miles outside Little Rock in Maumelle, AR, is a licensed Level II community with 80 beds and 24-hour licensed nursing care. All residents are private pay and no Medicare/Medicaid residents are accepted.
Cornerstone Healthcare Group, based in Dallas, TX, operates a portfolio of senior housing and other post-acute facilities. Cornerstone's senior living division focuses on providing seniors with a high-quality continuum of care.
The company is owned by funds managed by Highland Capital Management, L.P., an alternative asset manager with approximately $16 billion of assets under management.
Michael Goss, Managing Director of Mergers and Acquisitions for Generational Group, and trusted affiliate partner, Bill Evans, led the deal to a successful close, supported by Generational Group's Julie Sandoval, Senior Vice President, Mergers and Acquisitions.
"This was a transaction that achieved the desired exit outcome for our client and facilitated Cornerstone's continued growth of its senior living division and expansion of care offerings to seniors in the Little Rock Market," said Michael Goss.
About Generational Group
Generational Group, part of the Generational Group headquartered in Dallas with over 200 professionals located throughout North America, helps business owners release the wealth of their business by providing merger, acquisition and strategic growth advisory services.
Their four-step approach features exit planning education, business valuation, value enhancement strategies, and M&A transactional services. The M&A Advisor recently named the Company its 2016 Investment Banking Firm of the Year. For more, visit www.genequityco.com and the Generational Group press room.
About Generational
Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.
Celebrating its 20th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $500 million in 2022, 2023, and 2024.
The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022.