SNF providers acquires three properties
Vero Health Care, LLC, a skilled nursing facility provider, has acquired Vero Health & Rehab of West Roxbury, Mattapan and VFW Parkway in or near Boston. Vero Health Care is headquartered in Columbia, MD.
The deal was made possible through a $20 million loan from SunTrust Bank. The loan also let Vero eliminate the need for landlords, reduce in-debt service and make operational improvements.
Vero Health Care plans to grow its SNF portfolio in the eastern part of the country. Vero Health Care currently operates four SNFs in Georgia and Boston.