Akin Gump Advises Assured Healthcare Partners in $590M Portfolio Sale
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(New York) – Akin Gump represented Assured Healthcare Partners in the $590 million sale of a 50-skilled-nursing-facility portfolio managed by its portfolio company, Regency Integrated Health Services, to The Jack and Nancy Dwyer Workforce Development Center, Inc. (DWD).
The portfolio has approximately 4,400 employees, serves 4,600 residents and will transition from a for-profit to a not-for-profit organization under the deal. DWD’s mission is to provide comprehensive support to individuals who lack opportunity and aspire to pursue a career in the health care industry, alleviate a severe health care workforce shortage and improve the lives of seniors (learn more here).
The Akin Gump team was led by corporate partner Jonathan Pavlich and tax practice co-head Stuart Leblang and included real estate partner John Bain, corporate senior counsel Miriam Foley, and tax counsel Stuart Alter and associate Diandra Molina.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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