HMP successfully auctions off nine senior care facilities

Healthcare Management Partners, LLC (HMP), acting as the court-appointed receiver, has closed the sale of substantially all assets pertaining to nine senior care facilities which were placed in receivership on January 20, 2017, by the United States District Court for New Jersey in response to a complaint brought by the Securities and Exchange Commission, according to a press release posted to Business Wire.

The facilities sold include:

  • Opelika ALF, LLC for total gross cash consideration of $2,000,000;
  • Columbus ALF, LLC for total gross cash consideration of $4,350,000;
  • Oxton Place of Douglas, LLC for total gross cash consideration of $2,253,000;
  • Gainesville ALF, LLC for total gross cash consideration of $4,234,000;
  • Rome ALF, LLC for total gross cash consideration of $2,250,000;
  • Savannah ALF, LLC for total gross cash consideration of $1,790,000;
  • Senior Solutions of Social Circle, LLC for total gross cash consideration of $5,090,000;
  • Montgomery ALF, LLC for total gross cash consideration of $995,000; and
  • Waterford Place ALF, LLC for total gross cash consideration of $3,675,000.

You can read more about the sale at Business Wire.


Topics: Executive Leadership , Operations , Uncategorized