October 9, 2016
AdCare Health Systems Inc. headquartered in Atlanta, GA, sold nine skilled nursing centers in Arkansas to the centers’ operator, Skyline Healthcare LLC. The seller received $52 million from the sale of the assets. The seller will use the proceeds to repay mortgage or other debt.
Skyline Healthcare signed a master lease and option to purchase the 958-bed portfolio earlier this year. Aria Healthcare had been the previous operator of the centers. The nursing centers are in locations throughout Arkansas, including Batesville, Searcy, Hot Springs and Jonesboro.
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