Grace Healthcare leaves western market

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.