Beverly Enterprises Inc. continues to shrink. The mammoth nursing home chain, which once boasted more than 800 facilities, is in the process of selling 10 of its Arkansas nursing facilities to Perennial Healthcare Management of Monkton, MD.
The sale is expected to close next Wednesday, according to the Arkansas Office of Long Term Care, which said it was first notified of the transactions May 25. Beverly representatives wouldn’t confirm or deny any possible deal Tuesday, according to the Arkansas Business Journal, which also said it couldn’t reach Perennial’s top executive for comment.
Beverly currently has approximately 375 nursing homes overall, 29 in Arkansas.