ORANGE COUNTY, Calif. — JCH Senior Housing Group has arranged the sale of Country Villa Health Service’s entire portfolio, which comprises 18 skilled nursing facilities and one assisted living community across Southern California, at bankruptcy auction for $65 million.
JCH’s Shep Roylance, Jim Hazzard and Nick Stahler oversaw the auction in U.S. Bankruptcy Court in Orange County. Shlomo Rechnitz, the founder of medical supply company Twin Med LLC and owner of Bruis & Rockport Services, the largest nursing home provider in California, entered the winning bid.
Covenant Care and Kaiser submitted a larger bid — $73 million — but Judge Catherine E. Bauer rejected the proposal because it didn’t comply with bid rules.
Ron Bender of Levene, Neale, Bender, Yoo & Brill L.L.P. served as bankruptcy counselor to Country Villa, and Hamid Rafatjoo from Venable LLP served as creditor committee counsel.
JCH is a consulting firm based in Anaheim Hills, Calif.