Assisted 4 Living Absorbs Trillium Assets as ‘Initial Stage’ in Growth Plan

Diversified health care company Assisted 4 Living (OTC: ASSF) on Tuesday announced it acquired Trillium Healthcare Group assets for an undisclosed sum.

Trillium, a post-acute health care company with operational insight into the skilled nursing industry for more than 10 years, is a wholly-owned subsidiary of Assisted 4 Living.

This isn’t the first time Braedenton, Fla.-based Trillium has divested itself of assets. In June 2019 it shuttered three nursing homes in Nebraska. In August of the same year, CareTrust REIT (Nasdaq: CTRE) terminated its lease with Trillium, reducing its exposure to the provider from 18 to 11 properties.

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Skilled Nursing News did not hear back from Assisted 4 Living or Trillium, after reaching out for further comment.

Trillium leases and operates 26 facilities across Florida, Georgia, Iowa and Nebraska, Assisted 4 Living said in a statement — a total of 1,685 licensed beds; its 2020 revenues were approximately $100 million.

​​”The Trillium acquisition includes their back office, which is a group of very well qualified and highly skilled employees with a commitment to quality and support to the facilities.,” Louis Collier, CEO of Sarasota, Fla.-based Assisted 4 Living, said in a statement.

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Collier was appointed CEO of Assisted 4 Living earlier this month, bringing more than 30 years of health care industry experience to the role, most recently as CEO of UVA Encompass Health Rehabilitation Hospital in Charlottesville, Va., and vice president of post-acute services at Reliant PACS in Auburn, Mass.

“We will integrate the Trillium back office with the current team at Assisted 4 Living, Inc. and the combination will provide a highly efficient and extremely solid foundation and platform to support all our subsidiaries and facilities.”

The acquisition was key in Assisted’s initial growth plans, Collier added in the statement.

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