Two Virtua Health Skilled Nursing Facilities have been added to Marquis Health’s roster of consulting services with Tryko Partners’ purchase of the Virtua Health locations.
Tryko announced the conclusion of the agreement on June 3. Financial terms were not disclosed.
According to Tryko, one of the reasons Virtua chose the company as a buyer was because of its culture compatibility, ensuring a good fit for the seller, as well as facility staff and current or future residents.
“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 Dennis Pullin, President and CEO of Virtua, in a statement. “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,” he continued, adding that Virtua would continue to work with the new operator by providing support through “our physicians and specialist providers, and attendant and home care services.
The Camden and Burlington county locations will be renamed Berlin Rehabilitation & Healthcare Center and Mount Holly Rehabilitation & Healthcare Center, respectively.
In Mount Holly, the free-standing facility has 180 licensed beds. In Berlin, the location is part of a larger Virtua campus and has 128 beds. Community services include radiology, a laboratory and a satellite emergency service, all of which are unchanged by the sale, according to Tryko.
“Our business 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.”
Earlier this year, Tryko expanded its portfolio along the Jersey Shore with a pair of formerly family-owned skilled nursing facilities.