Trilogy Health Services, better known on the development side of the skilled nursing sector, recently bought a facility in Grand Rapids, Michigan, making it the 11th facility in Trilogy’s Michigan portfolio, and 108th property overall. The facility was built in 1976 and features 60 beds. There is also an adjacent independent living/assisted living community that was not included in the sale. Trilogy has been growing at an incredibly fast pace. In the last year, the operator has opened six healthcare campuses in Indiana, two in Ohio, two in Michigan and one in Kentucky.
We have to imagine these developments, particularly the new skilled nursing beds, stand out among the existing supply in those four states. Trilogy has also in the past partnered with Mainstreet to operate a number of newly built transitional care facilities that aim to provide short-term rehab care in a “luxury” environment (mainly in Indiana). The 40-year old Grand Rapids facility isn’t exactly new, but we hope it will fit in well with Trilogy’s existing Michigan operations.