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South Florida Nursing Homes Trade For $36 Million

A pair of nursing homes in Broward County were recently acquired for about $36 million by a New Jersey operator of nursing and rehabilitation centers

Limited liabilities companies connected to Englewood Cliffs, NJ-based CareRite Centers acquired Manor Pines Convalescent Center at 1701 N.E. 26th St. in Wilton Manors and Manor Oaks at 2121 E. Commercial Blvd. in Fort Lauderdale on Dec. 29.

Both nursing facilities were operated by the Marrinson Group, Inc. a Wilton Manors-based nursing home company.

In a release, CareRite Center stated that it would rebrand Manor Pines as The Pearl at Fort Lauderdale Rehabilitation and Nursing Center. Manor Oaks would be renamed The Savoy at Fort Lauderdale Rehabilitation and Nursing Center.

Source: SFBJ

January 9, 2023/by ADMIN

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