The operations of Ashley River Healthcare and The Reserve Healthcare and Rehabilitation transferred hands in South Carolina’s Lowcountry. Ashley River Healthcare is a 125-bed skilled nursing facility in Charleston, South Carolina, and The Reserve Healthcare and Rehabilitation is a 135-bed SNF in Hanahan, South Carolina. The acquisition is subject to a long-term, triple net lease.
The buyer was The Ensign Group, which has a portfolio that now consists of 295 healthcare operations in 13 states, 26 of which include senior living operations. Hopewell Healthcare LLC, Ensign’s South Carolina-based subsidiary, took over management of the facilities. Ensign is actively seeking acquisition and leasing opportunities for both well-performing and struggling skilled nursing, seniors housing and other healthcare related businesses across the country.