Henry Ford Village Announces Results of Chapter 11 Auction, Successful Bid from Sage Healthcare Partners Affiliate

Henry Ford Village Announces Results of Chapter 11 Auction, Successful Bid from Sage Healthcare Partners Affiliate
Sage Offers $76.3 Million to Acquire Dearborn-Based Senior Living Community
Proposed Transaction Outlines Programs to Enhance Resident Experience and Employee Appreciation
HFV Operating Without Interruption, Maintaining the Health, Safety and Lifestyle of Residents
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DEARBORN, Mich., May 6, 2021 /PRNewswire/ -- Henry Ford Village ("HFV," "the community") today announced that the auction held as a part of its court-supervised sale process has concluded with HFV OPCO, LLC, a newly-formed affiliate of Sage Healthcare Partners ("Sage") deemed as the highest or best offer. The transaction is subject to Bankruptcy Court approval, as well as regulatory approvals and customary closing conditions.

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