Weekly Health Care Real Estate Briefing: Advent Exits Nursing Home Business | Healthcare Facility Management Industry Expected to Grow
Hall Render
JUNE 22, 2023
AdventHealth has exited the nursing home business, selling all 10 of its SNFs to third-party operators. A third-party review pointed to insufficient due diligence, turnover in management and inadequate in-house real estate expertise as contributing to the abandonment of the project.
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