Healthcare Transactions Group Advises on Sale of 22nd Maryland Post-Acute Facility

Healthcare Transactions Group, Inc. arranged the sale of Bridgepark Healthcare Center, Baltimore, Maryland, licensed for 99 Skilled Nursing Facility beds.  Mark Davis of Healthcare Transactions Group served as mergers and acquisition advisor to the seller.  Terms and other details of the transaction were not disclosed.  This is Healthcare Transaction Group’s 22nd skilled nursing or assisted living facility sale in Maryland.

Healthcare Transactions Group conducted a selective and confidential offering process, on behalf of the seller, a multistate skilled nursing facility operator.   The seller had invested over $6.1 million to thoroughly renovate, improve and expand the physical plant and building systems, particularly an extensive modernization and refurbishment of the facility interior and patient care areas.   The buyer was a growing Maryland skilled nursing facility operator based in New Jersey.

Since 1996, Healthcare Transactions Group has been a recognized leader in healthcare mergers & acquisitions, particularly in the sale of skilled nursing facilities, having closed over $2 billion in transactions in 34 states, including recently serving as a co-advisor to Kindred Healthcare, on the $700 million sale of its nursing home portfolio.