Healthcare Transactions Group closed the sale of the operations of a 1,906 Skilled Nursing Facility bed portfolio in eight locations in Pennsylvania, including six in the Philadelphia area, and two in central Pennsylvania.  The transaction closed on June 1, 2017.  The transaction did not include sale of the real estate, which is currently leased from a real estate investment trust.  The annual revenue for the portfolio is in excess of $205 million.

Healthcare Transactions Group initiated the transaction and served as Mergers & Acquisitions Advisor for the Seller, a Maryland-based private and for-profit owner.  Terms and other details of the transaction are confidential.

Healthcare Transactions Group conducted an exclusive and careful search of prospective buyers and a competitive selection process.  Healthcare Transactions Group structured the transaction, provided advisory services to the Seller and facilitated the transaction to closing.  The buyer was a growing regional operator of skilled nursing facilities in the Mid-Atlantic states.

Since 1996, Reisterstown, Maryland-based Healthcare Transactions Group has been a recognized national leader in healthcare mergers & acquisitions, having closed $2 billion in transactions in 34 states, with a special focus on the sale of skilled nursing facilities.