Eagle Partners represented Summit Health System of Sacramento, California in the divestiture of their Long-Term Care business. Summit is one of the largest hospital operators in California, with over 30 acute care hospitals in their system and over $2 billion in annual revenues. The operations being divested comprised 4 sub-acute facilities in Sacramento, California. The facilities represented over 600 patient beds in 2 skilled nursing facilities (“SNFs”), one Alzheimer’s facility and an assisted living facility. The business was acquired by Mariner Post-Acute Network (NYSE: MPN), a diversified health care company based in Atlanta that operates over 430 skilled nursing and assisted living facilities with more than 50,000 beds.
