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Follow on Google News | Meridian Foresight’s Portfolio Sold to the Providence GroupBy: JCH Senior Housing Group The ownership of Meridian Foresight Management has decided to sell its entire portfolio for personal reasons, giving Providence Group the opportunity to increase their nationwide impressive portfolio of skilled nursing facilities. By adding the seven skilled nursing facilities from Meridian’s portfolio, Providence has increased their holdings to 25 healthcare communities, located in California, Kentucky, and Pennsylvania. Providence Group is perhaps most well-known for partnering with hospitals, physician group, accountable care organizations, and home health agencies. Within this structure , Providence Group plans to offer additional amenities and services to residents of the eight facilities, cutting costs and improving the quality of care. Vertical integration and collaboration between hospitals and skilled nursing facilities and other healthcare facilities has become an important trend in the future of the healthcare industry, and Providence is undoubtedly leading the charge. “It was a pleasure working with Jason Murray and Mark Hancock of Providence Group. I am looking forward to our next acquisition” Shep Roylance is a highly-respected and successful mainstay in the world of skilled nursing facility transactions. His brokerage service engages him in the acquisition and disposition of all types of healthcare facilities, a skill he has expertly crafted over the years. For more than a decade, Roylance’s main goal has been to improve the quality of care for our nation’s senior population. He hopes that his effort in bringing a successful close to this transaction has helped further this goal. End
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