NY Health Department Appoints Receiver for Two Buffalo Nursing Homes

The New York Health Department appointed a receiver to take over Emerald South Nursing and Rehabilitation Center and Emerald North Nursing and Rehabilitation Center in Buffalo, N.Y. The move was first reported by The Buffalo News, which recently published an in-depth investigation on out-of-town investors buying up nursing homes in the area. Emerald South and Emerald […]

Vita Lands $34.8M in Financing to Buy Two Facilities; NC Building Sells for $6M

GMF Capital Buys Former Sabra SNF for $6M GMF Capital purchased Woodland Hill Center, a 100-bed skilled nursing facility in Asheboro, N.C., for $5.95 million, the Triad Business Journal reported. The facility was bought from Sabra North Carolina LP of Irvine, Calif., a subsidiary of Sabra Health Care REIT (Nasdaq: SBRA). The sale was part of an overall […]