Healthcare Transactions Group, Inc. arranged and facilitated the sale of St. Elizabeth Rehabilitation and Nursing Center, a 162-bed, five-star skilled nursing facility in Baltimore, Maryland. Associated Catholic Charities of Baltimore had previously owned and operated St. Elizabeth, which has a more than 75-year history of serving the Baltimore community, formerly as Jenkins Memorial Nursing Home. The current facility was built in 1992 on Catholic Charities’ flagship 26-acre campus in southwest Baltimore, adjacent to St. Agnes Hospital. The units and dining areas model a non-institutional Green House design. Going forward, the facility will continue to share the campus with the other assisted living, adult day care and seniors housing services offered by Catholic Charities, and the SNF also houses a chapel that will continue to be used by all campus residents.
Working with Catholic Charities’ Board and executive leadership, Healthcare Transactions Group conducted a highly confidential, selective invite-only offering process to identify and select the best and most qualified long-term partner aligned with Catholic Charities’ mission and values. The buyer chosen was a Maryland-based nursing home operator with a family history of three generations of service in the long-term care sector, Vierra Communities. The transaction closed on December 1, 2024, marking the 30th Maryland post-acute facility sold by HTG. Mark Davis served as exclusive mergers and acquisition advisor to Associated Catholic Charities, with assistance from Daren Cortese. The purchase price and other transaction details remain confidential.
