Grace Healthcare leaves western market

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Grace Healthcare has completed its exit from the western market by selling its three remaining skilled nursing facilities in Colorado. The three properties, Paonia Care and Rehab Center, Grace Healthcare & Rehab of Glenwood Springs, and Pioneer Health Care Center, were sold to a California-based investor for $15.3 million.

Paonia Care and Rehab Center is approximately 70 miles from Grand Junction, CO. Grace Health & Rehab of Glenwood Springs is a skilled nursing and assisted living facility on 1.5 acres featuring 54 skilled nursing beds. The Pioneer Health Care Center community has 94 beds on 4.14 acres with private and semi-private rooms in central Colorado.

Evans Senior Investments represented Grace Healthcare in the three Colorado transactions.