By Kate Snyder
Two healthcare facilities in the Puget Sound region traded hands recently in a larger acquisition deal that affected similar facilities throughout the western United States. As part of a larger deal to acquire the healthcare and nursing home company EmpRes Healthcare, an entity affiliated with Evergreen Healthcare acquired the Enumclaw Health and Rehabilitation Center in Enumclaw and Canterbury House in Auburn from entities affiliated with Orinda, Calif.-based Enumclaw Associates LLC and Canterbury Investors LLC. The sales price on each property was $10 million, or about $108,695 per unit for Enumclaw and approximately $100,000 per unit for Canterbury, for a total of $20 million, according to King County public records.
The Enumclaw Health and Rehabilitation Center is a nursing home located at 2323 Jensen St. The 33,663-square-foot structure is positioned on 2.2 acres of land and houses 92 units, according to property records. The building was constructed in 1964. According to the property’s website, the Enumclaw Health and Rehabilitation Center provides services such as skilled nursing, rehabilitation therapy and memory support.
The 100-unit Canterbury House is located at 502 29th St. SE in Auburn. That 38,200-square-foot building sits on 3.8 acres and was constructed in 1987. The property is near several local parks, including Game Farm Park, Les Grove Park and Roegner Park. Canterbury offers many of the same services as the Enumclaw facility, according to the property’s website.
Evergreen operates numerous healthcare facilities across California, Nevada and Washington. According to a recent announcement from the company, it acquired EmpRes Healthcare earlier this year. As part of the deal, EmpRes’ centers will be integrated into Evergreen’s portfolio.
“We are thrilled about the acquisition of EmpRes Healthcare, which signifies a pivotal moment in our journey to provide exceptional healthcare services,” CEO of Evergreen Healthcare Issac Yenowitz said in a news release. “By integrating EmpRes centers into Evergreen Healthcare Group’s portfolio, we aim to leverage our combined expertise to set new standards of care. This acquisition reflects our unwavering commitment to fostering healthier lives within the communities we serve.”
Other healthcare facilities have traded hands in the Puget Sound region recently.
Earlier this year, the Washington Department of Social and Health Services finalized an agreement to lease and purchase the former Cascade Behavioral Health facility in Tukwila. The vacant behavioral health hospital was purchased for $29.9 million, or about $1,012 per square foot, according to The Registry’s previous reporting. Located at 12844 Military Road S, the facility operated as a privately-owned psychiatric hospital until it was shuttered last month.
