Providence Group Acquires Plum Healthcare, Adds 58 New Facilities To Portfolio

Providence Group acquired Plum Healthcare, a large skilled nursing facility (SNF) and long-term care operator in California. The acquisition added 58 SNFs to the Providence Group portfolio. Financial terms were not disclosed. Most of Plum’s facility staff and the majority of leadership will continue in their roles.

The facilities include 57 nursing homes and one assisted living/independent living facility. Of the 58 facilities, 54 are located in California and four are in Nevada. The average census was at 83%. For 10 of the facilities, Providence Group also acquired the real estate.

With this acquisition, Providence’s subsidiaries . . .