Skilled Nursing News June 21, 2024
Zahida Siddiqi

Athena Health Care Systems, once the largest owner of nursing homes in Connecticut, sold five nursing homes for an undisclosed sum to a New-York based provider.

The buyer agreed to pay back taxes and debts owed to vendors and contribute $2.6 million to its employees’ health care insurance fund to cover all medical bills, according to an article in the CT Mirror.

Athena owed nearly $47,000 in back taxes to four of the communities where the nursing homes are located, records show.

Athena still owns 14 nursing homes – a reduced footprint from 22 facilities a year ago.

The state Department of Public Health recently approved the deal, transferring the five facilities to National Health Care Associates, a long-time nursing...

Today's Sponsors


Today's Sponsor


Topics: Mergers & Acquisitions / JV, Post-Acute Care, Provider, Trends
CIBC Bank Closes $70M Refinancing of Two Venza Care Nursing Homes; Pair of Family-Owned Nursing Homes Sold in Indiana
AccentCare, Good Samaritan, Circle of Life Open De Novos; Pikes Peak Expands
Transform Podcast: Fee Stubblefield, Founder and CEO, The Springs Living
LifeLoop Acquires Linked Senior, Expanding Services to 50,000 New Residents
National Church Residences Acquires Atlanta Highrise, Expanding Affordable Senior Housing Footprint

Share This Article