Fundamental, Senior Care Development to Form $1 Billion Skilled Nursing Joint Venture

Alternative asset management firm Fundamental Advisors LP on Monday announced the formation of a skilled nursing-focused joint venture, with an eventual goal of snapping up $1 billion in skilled nursing assets. The other half of the billion-dollar partnership will be Senior Care Development, a developer with a historic focus on continuing care retirement communities (CCRCs) […]

Maryland Nursing Home Sells for $15M, Developer Eyes Office Conversion in NJ

Pennsylvania ManorCare Facility Purchased by Tryko Partners Brick, N.J.-based private equity group Tryko Partners purchased ManorCare Health Services at Mercy Fitzgerald Hospital in Yeadon, Penn., The Philadelphia Inquirer reported. The 129-bed nursing home was renamed Providence Rehabilitation and Healthcare Center at Mercy Fitzgerald. The price was not disclosed, but Tryko said it is planning a $2.5 million renovation […]