An Ohio-based nursing home company announced this week it has finalized its acquisition of two nursing homes in Georgia. The newly acquired nursing homes...

An Ohio-based nursing home company announced this week it has finalized its acquisition of two nursing homes in Georgia.

The newly acquired nursing homes are Southland Healthcare and Rehab Center in Dublin and Autumn Breeze Healthcare Center in Marietta. AdCare Health Systems said it would close on a third Georgia facility, College Park Healthcare Center in College Park, within a month.

“These latest facilities significantly expand our presence in Georgia,’’ said Chris Brogdon, vice chairman of Adcare, a publicly traded company based in Springfield, Ohio.

AdCare said it would pay $18 million for the three Georgia facilities, which have a combined 335 beds. The nursing homes generate an estimated $16.4 million in annual revenues, AdCare said.

The three nursing homes will bring to 13 the number of nursing homes the company operates in the state. More than one-third of AdCare’s facilities will be in Georgia after the purchases are finalized. The company said Tuesday that it may look to expand further in Georgia.

 


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Andy Miller

Andy Miller is editor and CEO of Georgia Health News

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