Tryko Partners has further expanded its presence in the state of New Jersey with the acquisition of a skilled nursing facility and a Class A assisted living and memory care community.
Seacrest Village, a 171-bed, three-story facility in Little Egg Harbor, N.J. was developed in 1985. The Terraces, a two-story assisted living and memory care community, was built in 2013.
An immediate capital improvement program is planned for Seacrest Village – which has been renamed Seacrest Rehabilitation & Healthcare Center, as well as The Terraces.
“Our investment will further modernize the facilities, helping to meet the evolving healthcare needs of area residents,” Uri Kahanow, director of acquisitions for Brick, N.J.-based Tryko, said in the news release.
“Demand for skilled nursing and assisted living in Ocean County – which has New Jersey’s largest per capita senior population, at 22.8% – remains high. The county’s strong population growth also makes this a desirable market to expand Tryko’s presence for the long term,” he added.
Tryko-owned facilities are supported by Marquis Health Consulting Services.