Foley Represents West Anaheim Extended Care in Sale of $25M Skilled Nursing Facility Deal

23 November 2022 Media Contact: Jen Dilworth News

Foley & Lardner LLP represented West Anaheim Extended Care in its sale of a 138-bed skilled nursing community in Anaheim, California for $25 million.

Westside Anaheim Extended Care, the local owner-operator, sold the skilled nursing facility of the same name to an East Coast-based real estate holding company, which will then lease the property to a new regional operator. The purchase price equates to $181,159 per bed, and at the time of sale, the skilled nursing community was 96 percent occupied and making over $2 million per year in net operating income. The facility also holds a contract for over 50 therapeutic residential care beds.

The Foley deal team was led by Partner Matthew Jassak and included Associates Melody Deatherage, Jennifer Guzman, and Dan Noffsinger.

About Foley & Lardner LLP

Foley & Lardner LLP is a preeminent law firm that stands at the nexus of the energy, health care and life sciences, innovative technology, and manufacturing sectors. We look beyond the law to focus on the constantly evolving demands facing our clients and act as trusted business advisors to deliver creative, practical, and effective solutions. Our 1,100 lawyers across 25 offices worldwide partner on the full range of engagements from corporate counsel to IP work and litigation support, providing our clients with a one-team solution to all their needs. For nearly two centuries, Foley has maintained its commitment to the highest level of innovative legal services and to the stewardship of our people, firm, clients, and the communities we serve.