Healthcare

Tryko Partners, through Marquis Health Services, provides warm living and working environments, and impeccable customer service at our healthcare facilities – illustrating a deep commitment to patients, families, communities and the industry. We focus on providing top-level care and improving the integrity of each and every asset. This includes incorporating innovative rehabilitation and clinical programs that bridge any regional healthcare gaps and help our properties stay ahead of the game. As a third-generation nursing home operator, Marquis brings a senior team with deep experience; decades of practice; and a wealth of knowledge, ideas and best practices for adapting to the changing healthcare industry.

We currently are involved in approximately 3,000 skilled nursing beds through Marquis Health Services, our in-house healthcare division.

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Tryko  Adds Campus to Skilled Nursing/Personal Care Portfolio  (Springfield, Pa.) 

The acquisition of  the  Harlee  Manor and Springfield Commons  campus  in Springfield  has added 173  skilled nursing beds and personal care units to  Tryko Partners’  greater Philadelphia regional  portfolio. The purchase – at a time when the  skilled nursing  sector has borne significant impact from the COVID-19 crisis – punctuates Tryko’s commitment to the industry. Renamed Springfield Enhanced Senior Living,  the  campus and its facilities are being rebranded, including an immediate, $2.5 million investment in physical plant renovations and specialty care programming enhancements. The skilled nursing and personal care components will be known moving forward as Springfield Rehabilitation & Healthcare Center and Springfield Crossings, respectively.  M&T Bank, a repeat partner for Tryko  Partners, again provided purchase financing for the Pennsylvania acquisition.  

“Given the current headwinds in the Senior Housing industry, it is even more critical for banks to align themselves with knowledgeable and well-seasoned management teams who understand and value partnerships. Tryko  Partners continues to exercise a highly selective approach to expanding its Skilled Nursing and Senior Living portfolio, and we appreciate the opportunity to continue supporting them in executing on their growth plans.”  Christian Montgomery, Vice President and Senior Healthcare Relationship Manager, M&T Bank 

Tryko to Acquire Hopkins Manor in North Providence, R.I.  

Tryko Partners  has been selected to  acquire Hopkins Manor, a 200-bed North Providence skilled nursing facility, out of receivership  for a price of  $14.5 million. Tryko and Marquis Health Services are providing immediate  assistance to  Jonathan N. Savage, Esq. of  Shechtman Halperin Savage, the  Rhode Island Superior Court-appointed  special master  for Hopkins Manor.  Savage, with the help of the  facility’s dedicated  team of caregivers and staff,  has  stabilized and successfully marketed the facility, culminating in the court  approval, just  seven weeks after the start of the receivership proceeding. Tryko Partners  has  an established regional skilled nursing presence and  a long history in the purchase and rapid, effective revitalization of struggling  facilities.  Following the  Hopkins Manor acquisition  closing, Tryko will infuse approximately $5  million of capital to support physical plant renovations and specialty programming enhancements.     

“Our goal from day one of this proceeding was to get this critical community asset into the hands of a capable caretaker who was willing to invest for the benefit of the community as a whole. Of the  12  bidders with whom we negotiated, Tryko  stood above the rest in terms of their resume, willingness to invest and track record in skilled nursing in our state. We are confident that they are the right  custodians to carry this critical facility into its next chapter.”  Jonathan N. Savage, Esq., Shechtman Halperin Savage 

Arbor Ridge Rehabilitation & Healthcare Center Launches Pulmonary Rehabilitation Program (Wayne, N.J.)

Arbor Ridge Rehabilitation & Healthcare Center  has launched a Pulmonary Rehabilitation Program, with pulmonologist Dr. Magdy Wahba overseeing the new initiative. The addition marks the first in a series of planned specialty programming enhancements being developed by Arbor Ridge and Marquis Health Services at the 120-bed skilled nursing facility in Wayne. Located at 261 Terhune Drive, Arbor Ridge provides post-hospital care, short-term rehab and long-term residential care, and maintains a four-star rating from the Centers for Medicare & Medicaid Services (CMS). Arbor Ridge Pulmonary Rehabilitation focuses on promoting independence and quality of life through reducing pulmonary symptoms and decreasing disability in acute and chronic lung patients. Program features include onsite and full-time respiratory therapy, routine physician evaluations, physical and occupational therapy seven days per week (as ordered), and 24-hour licensed nursing supervision.  

“Dr. Wahba is well-regarded for his expertise in pulmonology, and Arbor Ridge is thrilled to have him leading this new initiative. Arbor Ridge is proud to align with leading providers and health systems to help achieve the best possible outcomes for its patients.” Jennifer Hertzog, Vice President of Marketing and Business Development – Mid Atlantic, Marquis Health Services 

 

Numerous Tryko Partners healthcare properties receive five-star ratings in U.S. News & World Report’s annual Best Nursing Homes feature.