Healthcare sector updates: August Healthcare Group secures $180M financing

August Healthcare Group and 980Investments have secured $180 million in financing to support a portfolio of seven skilled nursing facilities located in North Carolina and Virginia. The 785-bed portfolio is co-owned and managed by August Healthcare Group, a boutique firm founded in 2021 by CEO Ben Cohen. The funding was provided by BHI, the U.S. branch of the Israel-based Bank Hapoalim.

Separately, Novant Health, a non-profit healthcare provider based in Winston-Salem, North Carolina, reported $6.5 billion in revenue for 2024. The organization's expenses totaled $6.2 billion, with compensation accounting for $3.2 billion of that total. Novant Health operates 21 medical centers and over 900 care centers across North and South Carolina.