WASHINGTON, D.C. — Healthcare Transactions Group has arranged the sale of VMT Long-Term Care Management Inc., a D.C.-based provider of health services, for an undisclosed price.
The company’s assets include leasehold operations of Unique Residential Care Center, a 230-bed skilled nursing facility; VMT Home Health Agency; and VMT Education Center, a school for training certified nursing assistants and home health aides. The transaction does not include any real estate, which VMT leases from the City of Washington, D.C.
The annual revenue for the business is approximately $38 million. Census for the skilled nursing facility was 98 percent at the time of sale.
Healthcare Transactions Group represented the undisclosed seller in the deal. The buyer was a New York City-based operator of post-acute facilities and services.