PORTLAND and FOREST GROVE, Ore. — KeyBank Real Estate Capital has arranged $13.3 million in long-term financing for two Oregon-based skilled nursing facilities.
Skilled Nursing
Genesis Acquires 24 Skilled Nursing Facilities, Operations Business from Revera for $240M
by Jeff Shaw
KENNETT SQUARE, Pa. — Genesis HealthCare, a post-acute care provider based in Kennett Square, has agreed to purchase 24 skilled nursing facilities from Revera Inc., an owner-operator based in Canada, for $240 million. As part of the deal, Genesis will also acquire the operations of Premier Therapy, Revera’s contract rehabilitation business.
LITTLE EGG HARBOR, N.J. — Institutional Property Advisors, a brokerage division of Marcus & Millichap, has arranged the sale of Arcadia Nursing and Rehabilitation Center for $15 million. The facility is located in Little Egg Harbor, about 30 miles north of Atlantic City.