The Real Deal Miami

Miami-based firm buys Tampa-area nursing home from familiar seller for $16.9M

Millennium Management Inc. bought the nursing facility from Welltower Inc. and recently bought two others in Broward County from the public company
October 06, 2018 01:00PM

ManorCare Health Services Carrollwood (Credit: Google | US Yellow Pages)

A Miami-based company acquired a nursing home in suburban Tampa for $16.9 million, the latest in a recent series of deals with the same seller.

Millennium Management Inc. of Miami paid about $14,000 per bed for the property in Carrollwood, an unincorporated suburb just north of Tampa.

The nursing home, called ManorCare Health Servicaes Carollwood, has 120 licensed beds, according to the state Agency for Health Care Administration.

The seller was health care real estate investment trust Welltower Inc., a public company listed on the New York Stock Exchange.

Welltower recently sold two other nursing homes in Broward County to Millennium Management: Heartland of Tamarac for $15.4 million and ManorCare Health Services in Plantation for $14.2 million. [Tampa Bay Business Journal]Mike Seemuth