Manor Oaks at 2121 East Business Boulevard in Fort Lauderdaleto be rebranded as The Savoy at Fort Lauderdale Rehabilitation and Nursing Centre and Manor Pines Convalescent Center at 1701 Northeast 26th Avenue in Wilton Manors to be rebranded as The Pearl at Fort Lauderdale Rehabilitation and Nursing Middle (Google Maps)
CareRite Centers paid out $35.6 million for two Broward County nursing and rehabilitation amenities, marking the firm’s continued financial commitment in South Florida’s overall health treatment marketplace.
The company purchased Manor Pines at 1701 Northeast 26th Street in Wilton Manors, and Manor Oaks at 2121 East Business Boulevard in Fort Lauderdale, in accordance to information and actual estate data supplier Vizzda.
In the even larger offer, CareRite acquired the Wilton Manors facility from Fort Lauderdale-based mostly Marrinson Senior Care Residences for $31.5 million. CareRite rebranded this property The Pearl at Fort Lauderdale Rehabilitation & Nursing Heart.
CareRite bought the Fort Lauderdale centre for $4.1 million from Truist Financial institution, which served as trustee of the Raymond M. Hansen Marital Believe in and the Raymond M. Hansen Res. Have faith in. Marrinson, a household owned senior care business, also managed this facility. Right after the offer closed, the home was rebranded The Savoy at Fort Lauderdale Rehabilitation & Nursing Centre.
The Pearl was crafted in 1967 on 5.2 acres, and The Savoy was developed in 1970 on virtually an acre, residence records show. The Pearl has 206 beds, and The Savoy has 116 beds, in accordance to senior care database carelistings.com.
Scientific specialties at the two services consist of subacute care, skilled nursing, cardiac rehabilitation and wound care. In addition, CareRite will add its Detailed Amputee Rehabilitation Application, led by Paralympic gold medalists Todd Schaffhauser and Dennis Oehler, and individual concierge products and services to the two The Pearl and The Savoy, according to a CareRite news release.
The Englewood Cliffs, N.J.-based firm also has centers in New York, New Jersey and Tennessee, according to its web page. Mark Friedman is principal and co-founder, and Neal Einhorn is lover.
In 2021, CareRite acquired Coral Reef Subacute Treatment Heart, also a nursing household and rehabilitation facility, at 9869 Southwest 152nd Street in unincorporated Miami-Dade County for $35 million. Also that year, CareRite procured 50 % the possession stakes in Claridge Household at 13900 Northeast Third Courtroom in close proximity to North Miami and Regents Park at Aventura at 18905 Northeast 25th Avenue. The attributes traded for a merged $33.4 million. Entities managed by Bent Philipson of New York purchased the other fifty percent-stake in the facilities.
