Healthcare DIVE November 1, 2024
The company also said it plans to purchase four more nursing facilities in the Northeast next month for $57 million.
Dive Brief:
- CareTrust REIT announced Tuesday it plans to buy 31 skilled nursing facilities in Alabama and Tennessee from American Health Partners for about $500 million. The real estate investment trust will buy the properties in partnership with with an unnamed “large third-party healthcare real estate owner,” according to a press release.
- The REIT expects the deal to be completed during the fourth quarter. CareTrust will lease the facilities to the Pacs Group, the Ensign Group, Links Healthcare Group and an unnamed company.
- CareTrust has been steadily expanding and plans to buy four skilled nursing facilities for $57 million...
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