Tryko Partners Picks Up Another Philly-Area SNF

January 24, 2020, Ben Swett, SeniorCare Investor - Private equity firm Tryko Partners added to its Philadelphia-area skilled nursing portfolio with the acquisition of a 240-bed facility in the city’s Lexington Park neighborhood.  Situated on a 1.8-acre site about five minutes from the 133-bed Nazareth Hospital, the SNF provides post-acute, short-term rehab and long-term care.  Occupancy at closing was 89%.

The purchase price was not disclosed, but Tryko will invest millions to renovate the facility, including updates made to the patient rooms and common spaces, while also adding a state-of-the-art therapy gym.