Kandu Capital LLC and its operating company, Bloom Senior Living, have acquired an Indiana senior living community from a subsidiary of Dallas-based Capital Senior Living Corp. The $5 million deal continues Bloom’s expansion of its diversified, growing portfolio of independent living, assisted living and memory care communities throughout the U.S.
Birmingham-based Kandu is a private family investment company specializing in health care acquisition.
“This acquisition follows our strategic approach of selectively acquiring and managing well-located, value-add communities that fit within our existing portfolio,” Bloom Director of Acquisition Bradley Dubin said in a statement.
Tim Cobb of Berkadia, a Berkshire Hathaway and Jefferies Financial Group company, represented the seller and buyer on this transaction.
