Skilled Nursing News April 12, 2024
Evans Senior Investments (ESI) recently orchestrated the stock sale of a dual-property skilled nursing portfolio in southwest Louisiana to Tutera Senior Living and Healthcare, which will operate the facilities as well.
Constructed in 1970 and 1972 and located within 10 miles of each other, the communities have a combined total of over 350 skilled nursing beds, according to ESI. Pre-Covid, the portfolio had a 72% occupancy rate.
However, the onset of the pandemic and subsequent Hurricane Laura led to significant renovations for both facilities. Post-reopening, the facilities faced challenges in reaching their previous census levels.
Tennessee-based non-profit changes hands
The Tennessee-based Trousdale Foundation, operating through Trousdale Living Communities, Inc., sold its skilled nursing facility in Madisonville to a New...
Today's Sponsors
Today's Sponsor