Anthem Blue Cross granted $7 million to Sierra View Local Healthcare District in Tulare County, Calif. to support the construction of a new 44-bed nursing and sub-acute facility — which will replace an existing 35-bed facility. The funds will also be allocated to construct two brand-new rural health facilities in Tierra Bella and Strathmore, Calif.
The insurance giant also granted an additional $3 million to Tahoe Forest Hospital District in Placer County, Calif.; the funding will support acute, outpatient, and skilled nursing care to a population of 40,000 residents within a service area of 500 square miles.
“These facilities play a vital role in providing health care services to some of California’s most underserved communities,” Beth Andersen, Anthem Blue Cross president, commercial plans, said in a statement. “We value our relationships with these providers as they are important to our mission of improving lives and communities.”
The $10 million total grant is part of a larger $400 million cash influx from the insurance giant to a variety of health facilities across the state.
Blueprint’s $8M Ohio Sale
Blueprint Healthcare Real Estate Advisors announced its involvement in the $8 million sale of a 150-unit skilled nursing and assisted living facility in Akron, Ohio.
The Chicago-based brokerage didn’t name the parties involved, though Blueprint indicated that the seller was a regional operator, and the seller was a New York-based private equity group with a strong footprint in the local market.
The deal involved finding a buyer with a historically strong cash flow, with a focus on higher acuity care in the sector.
Greystone Opens New Rehab Facility
Greystone held a ribbon-cutting ceremony for its latest 80-bed rehab center in Clermont, Fla. late last month, with 300 local guests celebrating the New York City-based investment firm’s latest asset.
“We are thrilled to be a resource to the community” in the Claremont market, Greystone Health’s senior vice president of operations Julie Dawkins said in a statement.
The Lakes of Clermont Health and Rehabilitation Center will provide orthopedic, cardiac, and stroke rehab programming, and include an occupational therapy mobility garden with extensive foliage and seating, a large rehab gym, and a movie cinema with a surround-sound theater for residents.