Dwyer Workforce Development Buys 50 Skilled Nursing Facilities In $590 Million Deal

The non-profit Jack and Nancy Dwyer Workforce Development Center, Inc. (DWD) acquired a Texas-based 50-skilled-nursing-facility (SNF) portfolio managed by Regency Integrated Health Services for $590 million. Dwyer Workforce Development acquired Regency from multiple owners. The facilities serve 4,600 residents. With this transaction, the facilities will transition from a for-profit to a not-for-profit organization.

The day-to-day operations of the Regency Portfolio facilities will not change, nor will the roles of the current employees, nor the policies and procedures. Through its partnership with DWD and the new not-for-profit status . . .