AdCare Health Systems, Inc. (NYSE Amex: ADK) announced the completion of its acquisition of Mountain Trace Nursing Center, a 106-bed nursing facility in Sylva, North Carolina for $6.1 million. The company expects the facility to generate an estimated $7.8 million in annualized revenues. AdCare plans to finance the acquisition of the facility using a bank […]
Category: Acquisitions
The Ensign Group, Inc. (Nasdaq: ENSG) announced this week that it has acquired Wisteria Place, a continuing care retirement community, and its sister facility Wisteria Independent Living, both located in Abilene, Texas as of January 1, 2011. Wisteria Place has a total 123 skilled nursing beds, 77 assisted living units and 20 independent living cottages […]
Capital Senior Living Corporation (NYSE:CSU) announced last week that one of its joint ventures in which it has a 5% interest has entered into an agreement to sell four senior living communities to Health Care REIT, Inc. (NYSE:HCN). The four communities, known as the Spring Meadows Communities, have approximately 625 units with a combined resident […]
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