ST. LOUIS — SRZ Management has acquired NHC Healthcare Town & Country, a 282-bed skilled nursing facility in St. Louis.
The seller was National Healthcare Corp. The price was not disclosed.
SRZ plans to rebrand the property as Town & Country Health & Rehab and plans to retain all current staff.
“We do not plan to expand the current facility or tear it down and build a larger facility as was proposed by previous parties interested in purchasing this property,” says David Murphy, CEO of SRZ Management. “Instead, we plan to continue providing services in the same facility and make improvements where needed to enhance the quality of care and living experience for all residents. This plan fits with our successful business model of purchasing and transitioning underperforming nursing home facilities in good market areas by improving the quality of care, clinical support and services offered.”