MUFREESBORO, TN-National Heath Investors Inc. reports that as part of a court settlement agreement, it has acquired eight skilled nursing facilities in Massachusetts and New Hampshire from ElderTrust of Florida for $23.3 million.
That deal also involves the cancellation of notes receivable from ElderTrust with a principal balance of $13.7 million, the company reports in a news release.
The Mufreesboro-based National Health Investors also sold six skilled nursing facilities to locally-based National Healthcare Corp. for $21 million in cash. The properties are located in Columbia (2), Knoxville and Springfield, TN; Madisonville, KY; and Rossville, GA. The properties have been leased by NHC since 1991 and have a total of 650 beds.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
