Reliant Acquires 52-Bed Skilled Nursing Facility in Northern California for $4.5M

by Jeff Shaw

SAN RAFAEL, Calif. — Reliant Management Group LLC has purchased Northgate Care Center, a 52-bed skilled nursing facility in San Rafael near San Francisco, from Meridian Foresight Management for $4.5 million.

The sale price translates to about $87,000 per bed. Reliant, an owner/operator based in Baton Rouge, La., that was already operating the facility, made the acquisition as part of a lease-purchase agreement

A group of Los Angeles investors looking to expand their California skilled nursing portfolio owns Reliant. Meridian is looking to divest the majority of its skilled nursing portfolio.

Shep Roylance of JCH Consulting Group brokered the transaction, representing both the buyer and seller.

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