A skilled nursing facility in Cherry Hill, New Jersey (Philadelphia MSA) with a wide variety of service offerings, just refinanced through HUD with the help of Dwight Capital. Built in phases from 1986 to 2002, it now totals 246 beds with five distinct units, including a 40-unit behavioral management unit, a 20-bed ventilator care unit, a substance abuse facility and a dialysis unit, in addition to providing short- and long-term rehabilitation and nursing care.
Its clinical specialties also comprise physical, occupational, speech and IV therapies, wound care, pain management, tracheostomy care, dementia care, cardiac care, a pulmonary specialty and hospice care. In addition, there are activity rooms, lounge areas, a beauty parlor, courtyard and a library, plus units dedicated to the Asian American community.
Mima Healthcare acquired it from Alaris Health in February 2018 for $46 million, or about $187,000 per bed. Now, nearly two years later, Dwight Capital has provided a $50.8 million HUD refinance.
