Tryko Partners announced on Friday that it has expanded its skilled nursing portfolio in New Jersey with the completed purchase of two facilities from Virtua Health. The Berlin and Mount Holly facilities will be renamed Berlin Rehabilitation & Healthcare Center and Mount Holly Rehabilitation & Healthcare Center respectively.
Virtua Health, South Jersey’s largest healthcare system, selected The Brick-based Tryko as its buyer after extensive research to find the best solution for Virtua, facility staff and current and future residents. Tryko’s facilities are backed by Marquis Health Consulting Services, a highly skilled, vision-driven nursing home consultancy.
Virtua CEO and President Dennis Pullin cites compatible cultures among the reasons he pursued the deal with Tryko Partners.
“At Virtua, we are continually evaluating our care portfolio and rebalancing our offerings in order to adapt, succeed and be of greatest benefit to the region,” said Pullin. “By divesting ourselves of the skilled nursing field, we are better equipped to reinvest in areas where we can really make an impact.
“With Tryko Partners – and Marquis Health Consulting Services – we have found a partner that will support an optimal continuum for patients,” added Piullin. “Going forward, we will be working with Marquis Health Consulting Services to support these excellent skilled nursing centers with our specialist physicians and providers, as well as ancillary and home care services.”
The stand-alone Mount Holly facility has 180 licensed beds. The 128-bed Berlin facility is part of a larger Virtua campus. Virtua’s community services at the Berlin site – including radiology, laboratory and a satellite emergency service – are unaffected by this sale.
“Our company carefully targets opportunities involving facilities that are market leaders in providing quality care and services,” said Uri Kahanow, Chief Acquisition Officer of Tryko Partners. “The Berlin and Mount Holly centers have an excellent reputation, dedicated staff and a culture of going the extra mile for residents and patients.”