Strawberry Fields has acquired six skilled nursing facilities located in Kentucky and Tennessee.
The purchase price was approximately $81 million and Strawberry Fields used the proceeds of a recently completed third bond offering on the Tel Aviv Stock Exchange to finance this acquisition.
"The acquisition of these six new properties is part of our continued expansion in the Heartland," noted Moishe Gubin, CEO of Strawberry Fields. "This portfolio fits well geographically with our existing Strawberry Fields facilities in Tennessee and Kentucky and will be a great addition to our current operators."
The Kentucky facility will join the Landmark portfolio, which has operations throughout Kentucky and in Illinois, Michigan, Oklahoma and Texas. Each of The Waters–branded operators at the five Tennessee facilities have engaged Infinity Healthcare of Tennessee to provide consulting services.
The properties include:
Landmark of Kuttawa, a 65-bed ski
