Healthcare Transactions Group negotiated the sale of three Skilled Nursing Facilities in North Carolina, totaling 297 licensed beds, including Concordia Transitional Care & Rehabilitation, Henderson, Concordia Transitional Care & Rehabilitation-Rose Manor, Durham, and Concordia Transitional Care & Rehabilitation, Elizabeth City. Mark Davis of Healthcare Transactions Group served as Mergers and Acquisitions Advisor to the seller throughout the process. The transaction closed on July 11, 2019. Terms and other details of the transaction are confidential.
The Durham and Henderson facilities are in central North Carolina in the Raleigh-Durham-Chapel Hill Metropolitan Area. Elizabeth City is in northeast North Carolina, in the Virginia Beach-Norfolk-Newport News, VA-NC Metropolitan Area.
Healthcare Transactions Group conducted a highly selective and competitive confidential offering process. The buyer was a New Jersey-based nursing home owner and operator, with existing skilled nursing facilities in North Carolina and in other southeastern states. The final offer accepted exceeded the asking price.
Since 1996, Maryland-based Healthcare Transactions Group has been a recognized national leader in post-acute mergers & acquisitions, having closed over $2 billion in transactions in 34 states and the District of Columbia.