Axis Health, an owner/operator of senior care facilities run by Ben Philipson and Abe Kraus, has divested its six skilled nursing facilities in Maryland to two separate buyers. One tranche of four facilities in Montgomery, Carroll and Cecil Counties sold to Autumn Lake Healthcare for $142.5 million, or $276,000 per bed. Those facilities include Oak Manor in Burtonsville, Birch Manor in Sykesville, Calvert Manor in Rising Sun and Long View in Manchester.
The other two facilities, including Caroline Center in Denton and Manokin Center in Princess Anne, sold to Key Health Management, which is entering the state with the deal. The two facilities are located on the Eastern Shore. Key Health Management paid $44.5 million, or $200,000 per bed, for the two facilities.
