The owner of Kearsley Rehabilitation & Nursing Center in West Philadelphia has bought ManorCare Health Services at Mercy Fitzgerald Hospital in Yeadon, a nursing home with 129 beds, and renamed it Providence Rehabilitation and Healthcare Center at Mercy Fitzgerald.
The buyer, Trykos Partners LLC, a private equity group in Brick, N.J., did not disclose the price for the Yeadon facility, but said it plans a $2.5 million renovation that will be carried out by its health care arm, Marquis Health Services. Marquis manages 18 facilities in Maryland, Massachusetts, New Jersey, and Rhode Island, and Pennsylvania, according to its web site.
Norman Rokeach, chief executive officer for Marquis Health Services, said Wednesday that the Yeadon facility would continue working closely with Mercy Fitzgerald Hospital, which still owns the land where Providence is located.
HCR Manor Care Inc., which had the joint venture with Mercy Fitzgerald — it filed a prepackaged bankruptcy on March 4 and will be taken over by its landlord — also owns another nursing home in Yeadon, with 198 beds. At that nearby facility, certified nursing assistants and licensed practical nurses last spring voted by a 55 to 18 margin to join SEIU Healthcare Pennsylvania. ManorCare has filed objections to the election, National Labor Relation Board records show.
Trykos took over Mount Laurel Center in Mount Laurel last June after the facility lost its Medicare certification. The facility has been renamed Laurel Brook Rehabilitation & Healthcare Center. In August, Marquis said the facility still had 42 residents who would have been paying privately , but the company did not provide an update this week.