Tryko Partners Buys Virginia Skilled Nursing Portfolio
The company acquired three properties totaling 563 beds that were part of the Cambridge Healthcare portfolio.
Woodbine. Image courtesy of Tryko Partners
Tryko Partners has purchased a three-property skilled nursing portfolio totaling 563 beds in Virginia, as part of its strategic expansion in the Mid-Atlantic region. M&T Bank provided financing for the acquisition of Woodbine Rehabilitation & Healthcare Center in Alexandria, Lexington Rehabilitation & Healthcare in Richmond and Westmoreland Rehabilitation & Healthcare Center in Colonial Beach.
Former assets of the Cambridge Healthcare portfolio, the facilities provide post-acute care, short-term rehab and long-term residential care. Tryko intends to invest a total of nearly $9 million in renovations and programming upgrades at all three properties, having Marquis Health Services as operator.
Developed at 2729 King St. on a 4-acre parcel, the 307-bed Woodbine has Virginia’s largest licensed capacity. The 94,000-square-foot facility offers both private and semi-private rooms, as well as a dedicated ventilator unit, in two interconnected buildings.
Lexington, rebranded as Canterbury Rehabilitation & Healthcare Center, sits on 5 acres at 1776 Cambridge Drive. The 69,358-square-foot, 190-bed asset has three local area hospitals within a 10-mile radius.
The 66-bed Westmoreland is the only licensed nursing facility in Westmoreland County. Located at 2400 McKinney Blvd., the 25,000-square-foot building has three patient wings and one rehabilitation wing.
