Mid-Atlantic Health Care buys 5 Philadelphia nursing homes

July 01, 2011|By Meredith Cohn, The Baltimore Sun

Timonium-based Mid-Atlantic Health Care LLC, which owns and operates six senior care facilities in Maryland and one in Delaware, said Friday that it bought five skilled nursing centers in Philadelphia from the NewCourtland Network for $75 million.

Mid-Atlantic officials said the acquisition includes 1,200 beds, or a quarter of the Philadelphia market, and makes Mid-Atlantic one of the largest nursing companies in the region.

Mid-Atlantic plans to retain NewCourtland's 1,200 employees and honor a 3 percent pay increase workers were expecting.


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