Tryko Partners continues to expand its New Jersey skilled nursing portfolio after acquiring two facilities from one of the state’s largest health systems.
Purchased from Virtua Health, the two facilities will be renamed Berlin Rehabilitation & Healthcare Center and Mount Holly Rehabilitation & Healthcare Center, according to a news release announcing the deal.
The standalone Mount Holly nursing home features 180 licensed beds, while the 128-bed facility in Berlin is part of a larger Virtua campus.
Marquis Health Consulting Services will support the facilities, according to a news release.
“By divesting in the realm of skilled nursing, we are better equipped to reinvest in areas where we can truly make an impact,” Virtua President and CEO Dennis W. Pullin said in the news release.
Pullin said the health system will collaborate with Marquis by providing physician and specialist providers, ancillary and home care services.
Knapp-Stahler Group Closes on 73-Bed SNF for $6.5M
The Knapp-Stahler Group, which works under the umbrella of Marcus & Millichap, announced the sale of a 73-bed skilled nursing facility and home health company in southeast Iowa for $6.5 million.
The facility had recently been updated and reported consistently high occupancy rates, according to a news release announcing the deal.
The Knapp-Stahler Group’s Justin Knapp and Andy Van Zee closed the transaction.
Private Equity Buyer Acquires SNF, Senior Living Property
Blueprint announced the sale of a senior care portfolio in the Cleveland area that includes 335 total licensed skilled nursing and seniors housing beds.
The transaction was made through a confidential off-market process with a buyer who had previously worked with ownership.
The buyer, an experienced private equity owner/operator based in New York with a presence in the growing market, sees opportunity to create value through higher acuity care, according to the news release.
SLIB Helps Sell Nursing Home
Senior Living Investment Brokerage (SLIB) announced the sale of an intermediate care & residential care facility located in Portland, Ore.
Originally built in 1955, Cornerstone Care Option consists of 56 beds with renovations completed in 2006.
The seller was a local owner/operator who decided to retire, while the buyer, a western regional group, wanted to expand its presence in the state.
SLIB’s Jason Punzel, Brad Goodsell and Vince Viverito handled the transaction.
“Cornerstone Care Option was an extremely well ran nursing home and will integrate well with the buyer’s other facilities in Oregon,” Punzel said in the news release.
Companies featured in this article:
Blueprint Healthcare Real Estate Advisors, Cornerstone Care Option, Knapp-Stahler Group, Marcus & Millichap, Senior Living Investment Brokerage, Tryko Partners, Virtua Health
