Helios’s $16M Nursing Home Deal in MA; Trilogy Health Plotting $11.7M Care Center

Helios Healthcare Advisors negotiated the $16 million sale of a 169-bed nursing home in Middlesex County, Mass.

The Chicago-based Helios facilitated the transaction for an owner/operator based in New Jersey.

The deal represented the buyer’s first purchase in the Massachusetts market, and proved to be a competitive sale — with more than 10 offers from regional providers and investors. The seller, a family-run company, elected to exit the industry after 20 years in the nursing home business.


The facility had routinely maintained four-to five-star ratings from the Centers for Medicare & Medicaid Services (CMS), and has been a preferred provider among area accountable care organizations and hospital systems with an average 90% occupancy.

Trilogy Health Plots $11.7M for Ohio Skilled Care

Trilogy Health Services, a Kentucky-based senior housing and care operator, has begun building a skilled care facility outside of Dayton, Ohio, according to a report in the Dayton Business Journal.

With a price tag of $11.7 million, the new Trilogy facility in Miami Township, Ohio will feature 119 beds, the publication reported.


Trilogy plans to transfer some beds from its other senior living properties, while also culling licenses from other area companies.

Construction will be completed by DMK Development Group, with Trilogy leasing the property from DMK, Chris Syder, Miami Township’s community development director, told the publication — adding that there will be an opportunity for purchase down the road.

Plans point to the facility to be up and running by sometime in the summer of 2021.

Private Equity Partners with Texas and Two Louisiana Nursing Homes

Nick Martinez and Todd Okum of O&M Investments, LLC, a private equity firm focused on investing in the skilled nursing space, closed on a 120-bed nursing home deal in Fort Worth, Texas in October, the firm announced last week.

O&M facilitated the replacement of the existing regional operator, which had planned to downsize its footprint — and provided $500,000 for capital improvements.

At the time of closing, occupancy was reported in the mid-80% range.

O&M also closed on two nursing homes in Louisiana, located 25 miles apart, with plans to provide $2 million for capital improvements.

The facilities, leased to an experienced regional operator, had a total of 240 beds with a combined occupancy of 185 at the time of closing.

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