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Encore Village of Schaumburg charts fresh course after Friendship Village s bankruptcy

Encore Village of Schaumburg charts fresh course after Friendship Village s bankruptcy
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Mike flynnAvi sattCenters for medicare medicaid servicesEncore healthcare servicesFriendship villageEncore villageYork based encore healthcare servicesMedicaid servicesDirector mike flynn

U S Bankruptcy Court Approves Sale of Henry Ford Village to Sage Healthcare Partners Affiliate

Share this article Share this article DEARBORN, Mich., May 24, 2021 /PRNewswire/ Henry Ford Village ( HFV, the community ) today announced that the United States Bankruptcy Court in the Eastern District of Michigan has approved the sale of substantially all of HFV s assets to HFV OPCO, LLC, an affiliate of Sage Healthcare Partners ( Sage ), for $76.3 million, subject to entry of final agreed orders. The transaction remains subject to regulatory approvals and customary closing conditions, and HFV anticipates the sale will be completed in approximately 90 to 120 days. The path forward for the community centers around its inclusion in Sage s network of senior living communities, and includes plans to increase programmatic activities for residents and employees while investing to improve HFV s campus more broadly. Sage has also pledged to uphold HFV s current commitments to maintain the health, safety and lifestyle of its residents.

United statesSheryl tobyAvi sattRachel chesleyBruce blalockDykema gossettSenior living community in dearbornUnited states bankruptcy courtHenry ford villageEastern districtSage healthcare partnersSage healthcareBoxford villageChief restructuring officerSenior living communityஒன்றுபட்டது மாநிலங்களில்

Henry Ford Village in Dearborn sold at auction to New York firm

Sage offered $76.3 million to outduel $69 million bid from MED Healthcare Bid includes funding a portion of resident deposits that total $112 million Henry Ford Village Henry Ford Village, a 1,038-bed continuing care retirement community in Dearborn, was sold at auction for $76.3 million An affiliate of New York-based Sage Healthcare Partners beat back a $69 million bid from Long Island-based MED Healthcare Partners at auction to acquire for $76.3 million the bankrupt 1,038-unit Henry Ford Village retirement community in Dearborn. The auction was held as a part of its court-supervised sale process and HFV OPCO LLC, a newly formed affiliate of Sage, made the highest offer.

United statesSheryl tobyAvi sattHenry fordDykema gossettLife care servicesUs bankruptcy courtSouthern divisionNew york based sage healthcare partnersLong island basedHenry ford villageEastern districtDes moinesIowa based life care servicesChad shandlerBoxford village

New York firm wins auction to buy Henry Ford Village in Dearborn

View Comments A New York firm has won an auction to buy the 1,038-unit Henry Ford Village retirement community in Dearborn out of bankruptcy and intends to pay a portion of current residents refundable entrance fee deposits that bankruptcy had put at risk. The village announced Thursday that Sage Healthcare Partners won the auction with a $76.3 million bid, beating a $69 million offer from MED Healthcare Partners, the only other bidder. The deal is still subject to U.S. Bankruptcy Court approval and is scheduled for a May 24 hearing. Sage plans to continue operating the village, but will convert it to a rental only residential model and stop the entrance fee deposits.

Avi sattHenry fordUs bankruptcy courtNew yorkHenry ford villageSage healthcare partnersBoxford villageHealthcare partnersNew york basedஆவி சத்ஹென்றி ஃபோர்ட்எங்களுக்கு திவால்நிலை நீதிமன்றம்புதியது யார்க்ஹென்றி ஃபோர்ட் கிராமம்முனிவர் சுகாதாரம் கூட்டாளர்கள்ஃபோர்ட் கிராமம்

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 News provided by Share this article Share this article 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.

Sheryl tobyAvi sattPrnewswire henry fordRachel chesleyDykema gossettUs bankruptcy courtSenior living community in dearbornBankruptcy courtBoxford villageSage healthcare partnersHenry ford villageChad shandlerChief restructuring officerSenior managing directorSage healthcareSenior living community