LTC Properties to Transition 11 Abri/Senior Care Centers SNFs to HMG Healthcare After Default

LTC Properties (NYSE: LTC) late Thursday announced that it will transition 11 skilled nursing facilities currently controlled by Abri Health Services/Senior Care Centers to a new operator after sending a notice of default over non-payment of March rent. The Texas-based HMG Healthcare will assume operation of the 1,400-bed portfolio sometime in the second quarter of […]

Abri Health Care, Formerly Senior Care Centers, Announces Ownership Change

Senior Care Centers, which went through Chapter 11 bankruptcy proceedings over the course of 2018 and 2019, has re-emerged as Abri Health Care under the control of a new ownership group, the company announced late Tuesday. An investment group led by current management has acquired the equity in the Dallas-based Abri, according to a statement. […]