As hospitals around the country decide to move away from skilled nursing and subacute services, a hotly contested proposed closure in San Francisco has highlighted a growing national issue. Sutter Health California Pacific Medical Center (CPMC) had plans to close its St. Luke’s campus, including its skilled nursing and subacute care operations. Following intense pressure from patient advocates […]
MedEquities Pays $10 Million for Conn. SNF Real Estate MedEquities Realty Trust, Inc. (NYSE: MRT) acquired the real estate of Woodlake at Tolland Nursing & Rehabilitation Center, a skilled nursing facility in Tolland, Conn., from Prospect Medical Holdings, Inc. for a total of $10 million. The Nashville, Tenn.-based MedEquities plans to enter into a 12-year, triple-net lease […]
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