CASE STUDY PARTNERED RIGHT ® Monarch Healthcare Management (“Monarch”) is a privately-held healthcare owner and operator specializing in the acquisition and management of high-quality skilled nursing facilities. Headquartered in Mankato, Minnesota, Monarch operates 40 skilled nursing and assisted living facilities located primarily in Minnesota, with one facility in Wisconsin. As a care- focused operator, Monarch’s mission is to change the way short-term rehabilitation and long-term healthcare are delivered, striving to put residents, tenants, and families first through its commitment to Innovative Care and 5-star Customer Service. Monarch has grown through a series of strategic acquisitions, with the first completed in July 2015. Monarch has a strong track record of improving

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