Brazos Presbyterian Homes, Inc. and BPH Holding Co.’s Membership Substitution of Life Plan Community in Austin

Bracewell LLP represented Brazos Presbyterian Homes, Inc. (BPHI) and BPH Holding Co. (BPHH) in connection with the acquisition of Longhorn Village, an entrance fee life plan community in Austin, Texas, through a member substitution transaction resulting in BPHH becoming the sole member of Longhorn Village.

The transaction closed on August 1, 2018, after receiving regulatory approval.

Longhorn Village is a single-site, stand-alone community located on 55 acres with 214 entrance fee independent living units, 20 assisted living suites, 16 memory support assisted living suites and 60 skilled nursing beds. BPHI also owns and operates Brazos Towers at Bayou Manor and the Hallmark in Houston.

Bracewell advised with a team including Janice Z. Davis (Picture), Jonathan C. Leatherberry, Brian P. Teaff and Nigel Wheeler

Involved fees earner: Janice Davis – Bracewell; Jonathan Leatherberry – Bracewell; Nigel Wheeler – Bracewell; Brian Teaff – Bracewell;

Law Firms: Bracewell;

Clients: Brazos Presbyterian Homes, Inc. ;

Author: Ambrogio Visconti