A 22-bed in-hospital skilled nursing facility in Scranton, Pennsylvania traded hands in what was a unique transaction for a few reasons. First, its size of just 22 beds is far below the industry average. To put it in perspective, the average size of SNFs that sold in 2016, according to the soon-to-be-released 22nd Edition of The Senior Care Acquisition Report, was 122 beds. Second, the facility is located on the fifth floor of the 186-bed acute-care Regional Hospital of Scranton, which helps explain the SNFs small size. And third, a not-for-profit, Allied Services Integrated Health System, purchased the SNF from privately-owned Senior Health Care Solutions, a scenario we typically see reversed.
Regional Hospital originally sold the unit to Scranton-based Senior Health Care Solutions in June 2013, after which the SNF received major renovations and operated as a short-stay rehab/transitional care facility, with no Medicaid census. But Senior Health Care Solutions decided to sell as part of its strategic plan. Allied Services should have a smooth transition into operations, as the company operates a complementary inpatient rehab facility on the same floor of the hospital. This is the third transitional care facility operated by Allied Services in the region.
