Genesis Opens Short-Term Rehab Center in Exton, Pennsylvania
Genesis Healthcare (NYSE: GEN) opened its 12th PowerBack Rehabilitation location in Exton, Penn., The Daily Local News reported.
The 85,000 square-foot Exton center includes a rehabilitation gym and 120 private suites. It is expected to employ approximately 300 people, according to the publication.
The PowerBack Rehabilitation service was launched by Genesis in 2012 in response to market demand for shorter post-hospital patient recovery times; Genesis operates 11 other centers in New Jersey, Pennsylvania, Colorado, Maryland, and Texas.
Corpus Christi SNF Sells to Private Owner-Operator
The 204-bed skilled nursing facility The Palms Nursing and Rehabilitation, located in Corpus Christi, Texas was sold to a private owner-operator in a transaction facilitated by Blueprint Healthcare Real Estate Advisors for the Florida-based owner. The building was located in a non-core geography, and ownership and the existing tenant were drawing near the end of their lease, according to a press release announcing the deal.
The purchaser had a growing portfolio in Texas. Trent Gherardini handled the transaction for Blueprint, a Chicago-based brokerage.
PruittHealth Announces Relocation of N.C., SNF
PruittHealth said it would relocate its SNF in Sea Level, N.C., to Beaufort, N.C., the Carteret County News-Times reported.
The Norcross, Ga.-based PruittHealth is working with town officials on the rezoning and annexation of property that sits on about 13 acres. It is not currently contiguous with town limits, making a public hearing to annex it necessary, according to a press release from PruittHealth cited by the publication.
Town officials expressed concerns about the amount of water that the facility may use, though they were also upbeat about the SNF becoming potentially the largest taxpaying entity in the town.
PruittHealth – Sea Level has 104 beds and provides short-term rehabilitation, physical therapy, wound management, and hospice care.
Written by Maggie Flynn