- DC Advisory* is pleased to announce that its client, skilled-nursing and rehabilitation provider Mid-Atlantic Health Care, has acquired four skilled-nursing facilities from Magnolia Management
- The acquisition increases Mid-Atlantic’s network to 21 locations and its number of beds to 4,000, creating a fully integrated network of skilled-nursing facilities for hospitals and insurers. Mid-Atlantic is privately held and headquartered in Timonium, MD
- DC Advisory provided advisory services in connection with financing for the transaction
- Mid-Atlantic will introduce its data-mining technology to each of the new facilities, providing staff with real-time updates on health measures for patients
- Magnolia will continue to provide rehabilitation services at the four facilities that were acquired, all of which are based in western Maryland
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The network we have created covers western Maryland and is the first fully integrated network of nursing facilities for hospitals and insurers in that region. We are pleased to be a leader in reducing health care costs by improving care and coordinating services.
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