(KLZA)-- Two Holt County, Missouri nursing facilities are under new ownership.
Strawberry Fields REIT has purchased Tiffany Heights in Mound City and the Oregon Care Center, in Oregon.
The facilities will be managed by the Tide Group. The purchase was official on July 1st.
Brandi Oliveira, administrator at the Oregon Care Center told the Mound City News the new partnership with the Tide Group allows the Holt County facilities to gain access to enhanced resources and support systems which will help elevate the quality of care and services provided to residents.
The leadership of both facilities will be retained by the new owners.
In May, Strawberry Field REIT, Inc. announced they had entered into a purchase and sale agreement that included nine Healthcare Facilities located in Missouri.
The purchase price for the facilities, including certain consulting fees, is $59 million. Those nine skilled nursing facilities include 686 licensed beds.
Eight of the facilities are leased to the Tide Group.
Strawberry Fields REIT, Inc. is a self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare related properties.
The companies holdings include 132 healthcare facilities throughout the states of Missouri, Kansas, Arkansas, Illinois, Indiana, Kentucky, Michigan, Ohio, Oklahoma, Tennessee and Texas.
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