$13.5M Acquisition Financing for Four Oklahoma SNFs; $41M Private-Room Renovation in Florida

Vi at Bentley Village in Naples, Fla., announced a $41 million redevelopment project for its skilled nursing facility, the Bentley Care Center, and its assisted living residences, both part of a campus that includes independent living and coach homes.

The redevelopment is scheduled to begin in the third quarter of 2021, and includes redesigning the SNF’s rooms for privacy.

“All resident rooms will be transformed into single-occupancy rooms with private baths and located on the second and third floors of the existing building and a new north wing,” the press release announcing the renovation said. “Once completed, there will be 84 private rooms. In addition, the therapeutic areas, multipurpose spaces and activity areas will be enhanced to allow for growth of services.”

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The renovation will include the “Bentley Center for Living Well,” which will include wellness, home health, and therapy services; the 5,700 square-foot therapy building will include private treatment rooms and an outdoor therapy courtyard.

New Pediatric SNF Finalizes Patient Transfer Agreements

Silver State Pediatric, a pediatric SNF in Las Vegas in the final phase of licensing, announced that it has completed its patient transfer agreement with several hospitals in southern Nevada.

The facility, part of Las Vegas-based health care management company PureCare Living, executed emergency transfer agreements with Centennial Hills Hospital Medical Center, Desert Springs Hospital Medical Center, Henderson Hospital, Spring Valley Hospital Medical Center, Summerlin Hospital Medical Center, Valley Hospital Medical Center, and Dignity Health Hospitals as of January 18.

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Silver State Pediatric, a $14.1 million facility, will specialize in specialize in pulmonary and post-acute care for children with traumatic injuries, as well as those with cognitive disabilities.

$13.5M Acquisition Financing for Four SNFs in Oklahoma

J.D. Stettin of Carnegie Capital secured $13.5 million in acquisition financing for four facilities with 430 SNF beds in Marshall, Bryan, and Love counties in Oklahoma.

Both lenders on the transaction were private/bridge funds, according to the announcement.

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