Healthcare Transactions Group, Inc. is pleased to announce the successful sale of Homestead Manor Assisted Living, a 61-unit assisted living facility, licensed for 85 beds, in Denton, Maryland. The transaction closed on November 1, 2016.
Healthcare Transactions Group initiated the transaction and served as Mergers & Acquisitions Advisor for the Seller, a nonprofit organization affiliated with the Chesapeake District of The Wesleyan Church. Terms and other details of the transaction are confidential.
Healthcare Transactions Group conducted a national search of prospective buyers and a competitive selection process. The buyer was a Maryland-based regional operator of assisted living facilities.
Since 1996, Reisterstown, Maryland-based Healthcare Transactions Group has been a recognized leader in healthcare mergers & acquisitions, having closed $2 billion in transactions in 34 states. Healthcare Transactions Group is also the leading intermediary for the sale of long-term care facilities in Maryland.