Skilled Nursing News November 5, 2024
Athena Health Care Systems, based in Connecticut, has sold off a significant portion of its portfolio to the New York provider National Health Care Associates, marking the second time the operator has sold off assets this year.
Athena sold five of its 15 Connecticut facilities for more than $30 million, according to a report in Hartford Business. Another Athena property, Abbott Terrace Health Center in Waterbury, is due to close on Friday after the Centers for Medicare & Medicaid Services (CMS) removed its ability to receive federal health care reimbursement.
The closure is expected to impact...
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