AdCare Health

October 9, 2016 Comments Off on AdCare Sells Nine Arkansas Properties for $52M Views: 198 Arkansas, Healthcare News, National News, Off-Campus Facilities, Southeast

AdCare Sells Nine Arkansas Properties for $52M

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.

Read More at PR Newswire

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