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Nursing homes slated for new owner
An Ohio-based company is buying most of the assets of nursing home operator Genesis HealthCare, which owns 11 facilities in Maine.
Health Care REIT Inc. announced yesterday it will buy all of Genesis' real estate assets in the Northeast and Mid-Atlantic for $2.4 billion, according to The Associated Press. Those assets include 147 post-acute care, rehabilitation, assisted living and long-term care facilities in 11 states. In Maine, Genesis owns facilities in southern, coastal, eastern and central Maine, including Pine Point Center in Sacrborough, Marshwood Center in Lewiston, Cedar Ridge Center in Skowhegan and Orono Commons. Genesis, based in Kennett Square, Pa., will continue to operate the facilities, according to The AP.
Health Care REIT chairman, president and CEO George Chapman said Genesis' facilities are expected to continue to grow and fit in well with the company's other assets. Should the deal be finalized, Health Care REIT would own 880 properties with a value of $13 billion.
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Learn more-
The Giving Guide
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
-
Work for ME
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
-
Senior Smart
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
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