Meridian Foresight's portfolio sold

Meridian Foresight Management has sold its Northern California portfolio to the Providence Group. Meridian had seven skilled facilities in Northern California and a senior living facility in Southern California.

Terms of the sale were not disclosed.

The ownership of Meridian Foresight Management decided to sell its entire portfolio for personal reasons, giving Providence Group the opportunity to increase their nationwide impressive portfolio of skilled nursing facilities, according to JCH Consulting Senior Vice President Shep Roylance, who facilitated the transaction.