New York Investor Picks Up Pair In Baltimore

February 7, 2019, Alex Spanko, Skilled Nursing News - A New York-based owner, operator, and investor picked up a pair of nursing homes in Maryland with the help of Healthcare Transactions Group.  The Brinton Woods Post Acute Center and the Brinton Woods Health & Rehab Center at Arlington West were sold February 1, according to an announcement from Healthcare Transactions Group, a Reisterstown, Md.-based advisory firm.

The facilities have a total of 307 beds — including a 16-bed ventilator unit at the Brinton Woods Post Acute Center — and attract residents from a variety of local hospitals, including MedStar Health, Johns Hopkins Health System, and the University of Maryland Health System.

The properties had been owned since the mid-2000s by Brinton Woods Management Company, under the auspices of CEO Daren Cortese.  The terms of the deal were not disclosed. Mark Davis of Healthcare Transactions Group served as M&A advisor to Brinton Woods.