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New owner for Paonia Care

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Grace Healthcare has sold its three remaining skilled nursing facilities in Colorado, removing its presence completely from the western United States.

The three properties, Paonia Care and Rehab Center, Grace Healthcare & Rehab of Glenwood Springs and Pioneer Health Care Center in central Colorado, sold to a California-based investor for $15,300,000 or $67,000 per bed, and will be leased to an operator with a Colorado presence.

Located on the Western Slope of Colorado, Paonia Care and Rehab Center accommodates 60 beds in semi-private rooms across a 16,424-square-foot single story building.

Evans Senior Investments represented Grace Healthcare in the transactions. Jeremy Stroiman, CEO of Evans Senior Investments, commented, "The three Colorado Grace Healthcare communities offered a great opportunity to invest in two of the fastest growing counties in Colorado. The Colorado operator has a strong regional presence and will use their current footprint to increase profitability."

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North Fork
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