Tryko Partners expanded its presence in the Philadelphia skilled-nursing facility arena Wednesday with the acquisition of ManorCare Health Services at Mercy Fitzgerald Hospital in Yeadon.
Financial terms of the deal were not disclosed.
Marquis Health Services, Tryko’s nursing home operator affiliate, plans to spend $2.5 million renovating the property, which will operate as the Providence Rehabilitation and Healthcare Center at Mercy Fitzgerald. Planned improvements include modernizing the facility’s rehab therapy gym; renovating its lobby, common areas, and private and semi-private patient rooms; and further developing its pulmonary-cardiovascular rehab program.
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