Recently established Journey Healthcare, led by industry veteran and former CEO of Majestic Care Bernie McGuinness, announced the acquisition of four skilled nursing facilities, representing a significant milestone in the company’s growth. Three of the properties are located in West Virginia, and the fourth is in Maryland, bringing Journey’s footprint to 11 communities across four […]
CommuniCare Health Services
With all the changes that have swept the skilled nursing industry over the last decade, one of the classic investment models in the space may need to evolve with the times. “I think that the REIT model is dead,” Robert Hartman, founder of Symphony Post Acute Network, said during a Monday panel discussion at the […]
Large regional care provider CommuniCare has announced it will take over 16 of Kindred Healthcare’s (NYSE: KND) former skilled nursing facilities in Indiana. The SNFs will provide rehab and holistic healing services, according to a press release. Current staffers are expected to remain in place during the transition. With the latest acquisition, the Cincinnati, Ohio-based provider now operates […]
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