BALTIMORE — The Jack and Nancy Dwyer Workforce Development Center Inc., a Baltimore-based investor, has acquired Regency Integrated Health Services and its 50-property skilled nursing portfolio throughout Texas for $590 million.
The Regency properties are home to approximately 4,600 residents. Dwyer plans to transition the portfolio from a for-profit to a nonprofit organization under the terms of the transaction.
The seller is a group of multiple owners. The transition to a nonprofit was the vision of entrepreneur Jack Dwyer to end systemic poverty and address the growing workforce crisis plaguing the healthcare industry.
Dwyer Workforce Development was established in 2021 by Dwyer; his wife, Nancy; and their daughters, Emily and Kelsey. A businessman, philanthropist and entrepreneur, Dwyer owns Capital Funding Group, a full-service provider of financing solutions for healthcare facilities.
Dwyer Workforce Development provides free Certified Nursing Assistant (CNA) training, healthcare job placement and a path to careers to individuals who lack opportunity but who aspire to pursue a career in the healthcare industry.