Healthcare Transactions Group, Inc. arranged the sale of Transitions Healthcare at Sykesville, Sykesville, Maryland (Carroll County), an 118-bed licensed Skilled Nursing Facility. Mark Davis of Healthcare Transactions Group served as mergers and acquisition advisor to the seller. The transaction closed on August 31, 2018. Terms and other details of the transaction were not disclosed. This is Healthcare Transaction Group’s twenty-third sale of a skilled nursing or assisted living facility in Maryland.
Healthcare Transactions Group conducted a restricted, highly selective, and private offering process, on behalf of the seller, a private real estate investor in Lakewood, New Jersey. The buyer was an existing Maryland-based operator of six other skilled nursing facilities in the State.
Since 1996, Healthcare Transactions Group has been a recognized leader in healthcare mergers & acquisitions, having closed over $2 billion in transactions in 34 states, including recently serving as a co-advisor to Kindred Healthcare, on the sale of its nursing home portfolio.