Tryko Partners Acquires 206-Bed Skilled Nursing Facility in Rhode Island

PROVIDENCE, R.I. — Tryko Partners has acquired Elmhurst Extended Care, a 206-bed skilled nursing facility on the Roger Williams Medical Center campus in Providence. The purchase price was not disclosed.

CharterCARE Health Partners sold the property, which is the largest skilled nursing facility in the state. Located in the former Women & Infants’ Hospital building, Elmhurst includes patient care on three floors, with 30 short-term care beds as well as a separate, 12-bed transitional care unit. The rest of the facility is designated for long-term care, including an Alzheimer’s special care unit.

Marquis Health Services, an affiliate company of Tryko, has planned to renovate and reposition the property for a total of $5 million. The facility’s new name will be Elmhurst Rehabilitation and Healthcare Center.

The renovation will modernize the building and accommodate expanded programming. Marquis will incorporate all-new systems, replacement windows and piped-in oxygen for the transitional care unit. The project will also update Elmhurst’s private/semi-private patient rooms and common areas, and introduce enhanced amenities. The therapy gym will be relocated within the building and expanded to 3,000 square feet.

Chicago-based MB Financial (NASDAQ: MBFI) provided financing for the acquisition.

Brick, N.J.-based Tryko Partners and Marquis Health Services own and operate 16 skilled nursing facilities totaling approximately 2,000 beds.

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