Lument Securities Advises Stonerise Healthcare on Whole-Company Sale

CHARLESTON, W.V. — Lument Securities has advised Stonerise Healthcare, a skilled nursing and transitional care provider based in Charleston, on the company’s sale.

The buyer was a group consisting of a New York-based real estate investment firm and its operating partner, CommuniCare Health Services.

Stonerise was founded in 2009. Its integrated network of care includes transitional and skilled nursing care, therapy, home health and hospice services, which it provides throughout West Virginia and in Southeast Ohio. The skilled nursing portfolio features 18 owned and operated facilities across West Virginia totaling 1,955 licensed beds, including a 90-bed facility set to open in late 2022.

The sale of Stonerise’s businesses in skilled nursing facilities and a therapy company closed on June 30. The sale of the home health and hospice agencies, institutional special needs plan, and development project is expected to close upon regulatory approvals.

Laca Wong-Hammond and Dominic Porretta led the transaction for Lument Securities, which served as exclusive financial advisor to Stonerise.