February 2, 2018
Posted at 13:57h
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By Tracey Drury – Reporter, Buffalo Business First
Jan 8, 2018, 6:05am
Post Acute Partners, the owners of the Elderwood nursing home network, has completed a deal that brings it into the Rochester market for the first time.
The company on Jan. 2 completed the $11.5 million acquisition of the nonprofit Lakeside Beikirch Care Center. The 120-bed residential health care facility is now known as Elderwood of Lakeside at Brockport.
The facility, with skilled nursing and short-term rehabilitation, was part of the Lakeside Health System. It sits next door to the former Lakeside Memorial Hospital, which closed in April 2013.
Post Acute Partners is co-owned by Warren Cole and Jeffrey Rubin. Its Elderwood Administrative Services division is based in Buffalo at 500 Seneca.
The company is currently working to acquire the majority of programs at Weinberg Campus in Getzville, including Rosa Coplon Jewish Home, Dosberg Manor Adult Home & Assisted Living, Forest Creek Independent Living Facility,; Garden House Assisted Living, Meadows Assisted Living,; the Town Square for Aging facility and a certified home health agency program.
In all, the company employs over 4,000 at more than 20 facilities in three states, with deals pending for more than a dozen acquisitions.
Source: https://www.bizjournals.com/buffalo/news/2018/01/08/elderwood-parent-completes-brockport-nursing-home.html...