IntegraCare added three Pennsylvania senior living properties with a total of 225 beds to its portfolio in June for an undisclosed purchase price.
The communities are located in Clearfield, Bedford, and Tyrone, all in Central Pennsylvania. They’re located nearby IntegraCare’s three existing properties in Central Pennsylvania; the company says the acquisition enhances its ability to serve its residents through increased operating efficiencies.
IntegraCare now has 11 properties in Pennsylvania and is looking to expand its growth in the mid-Atlantic region.
Johnstown, Pa.-based Ameriserv Financial provided debt funding. The Hawthorne Group, of Greentrea, Pa., and Upper St. Clair, Pa.-based Rosetta Capital provided equity funding.
Written by Alyssa Gerace