Family Office Acquires American Health Partners' Skilled Nursing Division

Michigan-based investment firm Mitchell Family Office has inked a $168 million bridge loan by Lument to acquire the skilled nursing division of American Health Partners, a play that was part of a larger plan by MFO to acquire all interests of AHP.

American Health Partners, which was formerly owned by an employee stock ownership plan, consists of seven divisions: the 29 SNF American Health Communities; Rehab America, which focuses on inpatient and outpatient rehabilitative services; American Health Plans, which offers Medicare Advantage institutional special needs plans (I-SNPs); TruHealth, which coordinates care and provides enhanced bedside treatment for residents in long-term care facilities; Unity Psychiatric Care, which offers acute psychiatric and behavioral care; Tennessee Quality Care, offering home health, private duty nursing and hospice services; and AmPharm, which offers institutional pharmacy services.