The transaction resulted in a partnership and merger with Alta Senior Living, an established national owner/operator, that brings complementary capabilities and a shared growth orientation. Partnered with Alta, Northstar is positioned to expand its operating footprint and scale its platform, while its existing principals will remain actively involved in day-to-day leadership and strategic direction. The Alta and Northstar merger will operate collectively going forward under the Northstar Senior Living brand.

This engagement marks Blueprint’s second major operator recapitalization advisory in recent years. In 2023, Blueprint advised Integral Senior Living (“ISL”) on its recapitalization that saw it join forces with Discovery Senior Living, Lee Equity Partners, and Coastwood Senior Living, a transaction that created one of the largest senior housing operating platforms in the United States at the time.

Ryan Chase, Scott Frazier, and Jacob Gehl acted as exclusive advisors to Northstar.