Reisterstown, MD, October 10, 2019 – Healthcare Transactions Group arranged the sale of Kindred Transitional Care and Rehabilitation – Spring Valley, a 160-bed skilled nursing facility in Las Vegas, Nevada. Constructed in 2015, Kindred Spring Valley is a 2-story, 90,244 square foot building, with state of the art features, including piped-in oxygen in 80 rooms, 118 private and 21 semiprivate rooms, private showers in all patient bathrooms, patient rooms with bariatric lifts, multiple dining areas, a movie theater, 4 therapy gyms, outdoor courtyards and a transitional home therapy suite. Kindred Spring Valley is on Rainbow Boulevard next to Spring Valley Medical Center, a 292-bed acute care hospital. Mark Davis of Healthcare Transactions Group served as Mergers and Acquisitions Advisor to Kindred Healthcare throughout the process. The transaction closed on October 1, 2019. Price and other details of the transaction are confidential.
Kindred Spring Valley was the Louisville, KY-based company’s last remaining skilled nursing facility. Kindred completed the divestiture of its 94-facility nursing center division in 2017. Healthcare Transactions Group was a co-advisor to Kindred on the sale of the nursing center division.
Healthcare Transactions Group conducted a competitive national offering process to identify the buyer. The buyer, Baltimore-based Capital Senior Ventures (CSV), has an existing skilled nursing facility portfolio in several southwestern states. CSV, affiliated with Capital Funding Group, is leasing the facility to Sapphire Healthcare Management.
Since 1996, Healthcare Transactions Group has been a recognized national leader in post-acute healthcare mergers & acquisitions, having closed over $2 billion in transactions in 34 states and in the District of Columbia.
Healthcare Transactions Group, Inc.
Mark Davis, MUP, MBA, President, 410-902-2450