Tampa, Florida-based real estate investor Liberty Group acquired a shuttered 120-bed skilled nursing facility in Nashville, Tennessee, with plans to convert it to a 90-unit assisted living community. Formerly owned by Signature HealthCARE, which operates some 30 long-term care facilities in the state, the facility closed in July 2015 following the loss of its Medicaid funding. The buyer, which owns and operates hotels and assisted living communities primarily in the Southeast, paid $1.8 million, or $15,000 per bed, and will rename the facility Bristol Terrace Assisted Living.
Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
