Healthcare Transactions Group, Inc. arranged the sale of Hillhaven Assisted Living, Nursing and Rehabilitation Center, Adelphi, MD, containing 66 Skilled Nursing Facility beds and 62 Assisted Living Facility units. Mark Davis of Healthcare Transactions Group served as mergers and acquisition advisor to the seller. Terms and other details of the transaction are confidential. This is Healthcare Transaction Group’s twenty-first post-acute facility sale in Maryland.
Hillhaven has been family owned and operated for over thirty years, and widely recognized as a preeminent facility of choice in the Washington D.C. metro area. CMS has rated Hillhaven 5 Stars since the rating system’s inception. Hillhaven is also ranked among the Best Nursing Homes in the U.S. according to the U.S. News and World Report.
Hillhaven’s skilled nursing facility recently underwent a one million dollar plus renovation. In addition, Washington Adventist Hospital, one of Hillhaven’s major referral sources, is relocating to a site five minutes from Hillhaven, and will open in early 2019.
Healthcare Transactions Group conducted a national competitive selection process. The buyer was a regional operator of assisted living and nursing care facilities.
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 serving as a co-advisor to Kindred Healthcare, on the sale of its nursing home portfolio.