Business

Baltimore Firm Acquires 4 Western Maryland Nursing Homes

/ CBS Baltimore

HAGERSTOWN, Md. (AP) -- Baltimore-based Mid-Atlantic Health Care says it's acquiring four nursing homes in western Maryland from Hagerstown-based Magnolia Management Inc.

Mid-Atlantic Health Care CEO Scott Rifkin said Monday his company is the new owner and operator of Northampton Manor in Frederick, Julia Manor in Hagerstown, Devlin Manor in Cumberland and Moran Manor in Westernport.
Financial terms of the transaction were not disclosed.

Rifkin says the deal brings to 21 the number of skilled nursing and rehabilitation facilities that Mid-Atlantic Health Care owns in Maryland and Pennsylvania.

He says Magnolia will continue providing rehabilitation services at the centers through its Magnolia Rehabilitation Services affiliate.

(Copyright 2015 by The Associated Press. All Rights Reserved.)

First published on December 21, 2015 / 12:15 PM EST

© 2015 CBS Broadcasting Inc. All Rights Reserved.

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