New Jersey-based LLC Buys Louisville SNF for $3.5M The Englewood Cliffs, N.J.-based The Portopiccolo Group LLC purchased a 98-bed post-acute care (PAC) and skilled nursing facility in Louisville, Ky., for $3.5 million, Louisville Business First reported. The purchase was made through an affiliate, Jeffersontown Propco LLC, according to Jefferson County documents. The facility was sold by […]
Louisville Business First
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 […]
Amid a period of financial difficulty, a number of lawsuits forced Signature HealthCARE to give up management of a well-rated nursing home. The management of the facility, which was rated four out of five stars by the Centers for Medicare & Medicaid Services (CMS), was transferred to Englewood Cliffs, N.J.-based Accordius Health on Feb. 1, Louisville […]
Signature HealthCARE officials say they are hoping to reach a deal to restructure the company’s financial obligations in the next four to six weeks, Louisville Business First reported on Wednesday. Bankruptcy proceedings do remain a possibility, however, Signature CEO and co-founder Joe Steier told the publication. Signature has been dealing with problems for some time now: One […]
Louisville, Kentucky-based Kindred Healthcare is offering a $10,000 signing bonus for each of five registered nurse (RN) positions in the Louisville area listed on its job website. The high signing bonus, first reported by Louisville Business First on Friday, is also available to RNs in California, New Mexico, Missouri, Colorado and Georgia, Kindred’s job site indicates. […]