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New York-based ArchCare plans to sell Ferncliff Nursing Home in Rhinebeck to an unidentified buyer, but the deal requires state approval and could take up to two years. Separately, Strawberry Fields REIT acquired The Living Center, a 99-bed skilled nursing facility in Marshall, Missouri, through a bankruptcy sale completed Sept. 8.
ArchCare plans to sell Ferncliff Nursing Home in Rhinebeck, New York, to an undisclosed buyer, while Strawberry Fields REIT completed the Sept. 8 purchase of The Living Center, a 99-bed skilled nursing facility in Marshall, Missouri. The two transactions are at different stages: Ferncliff’s proposed sale still needs state regulatory approval, while the Missouri facility changed hands through a Chapter 11 bankruptcy process.
ArchCare, a nonprofit Catholic healthcare system affiliated with the Archdiocese of New York, intends to sell Ferncliff Nursing Home to a buyer it has not identified. The organization has not disclosed the sale price or other financial terms. The transaction is subject to approval from the New York State Department of Health, and ArchCare said the process could take as long as two years.
Ferncliff will remain under ArchCare’s ownership and operation until the regulatory process is completed and the sale closes. As of Sept. 24, the state health department said it had not received the required application for a change in operator. ArchCare said it had invested in Ferncliff for years but had struggled to achieve the operating efficiencies needed for the facility’s long-term financial stability. The facility’s licensed capacity is 309 beds; ArchCare has reduced the number it operates there to 196 beds.
In Missouri, The Living Center was sold to Strawberry Fields REIT after an approximately six-month court-supervised sale process. The transaction closed Sept. 8 under a Section 363 sale in the Chapter 11 bankruptcy proceedings of John Fitzgibbon Memorial Hospital and Fitzgibbon Health Services. Strawberry Fields was first chosen as the stalking-horse bidder, but ultimately acquired the nursing home as part of a combined transaction that included the hospital. The final purchase price was not disclosed; the release said it exceeded the original stalking-horse bid by about $2.3 million.
Two Facilities, Different Sale Timelines
The developments show two distinct routes for changes in nursing-home ownership: a proposed sale that depends on state review in New York and a completed bankruptcy sale in Missouri. For residents, families and staff at Ferncliff, the immediate status is unchanged: ArchCare continues to own and operate the facility while regulators review the transaction. The long potential timeline means any change in operator is not imminent based on the available information.
The Missouri transaction, by contrast, has closed, ending the court-supervised sale process for The Living Center. Its inclusion with the hospital in a combined purchase means the facility’s transfer was part of a broader restructuring, rather than a stand-alone nursing-home sale. The undisclosed purchase price in both cases limits public comparison of the transactions’ financial terms.
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How the Two Sales Differ
ArchCare’s proposed transaction concerns Ferncliff in Rhinebeck, where the organization says it has reduced operating beds from the facility’s licensed capacity of 309 to 196. ArchCare connected its decision to sell with difficulty achieving the operating efficiencies it believes are needed for Ferncliff’s long-term financial stability. The report does not provide details about the prospective buyer or the facility’s future plans under new ownership.
The Missouri sale arose during the Chapter 11 cases of John Fitzgibbon Memorial Hospital and Fitzgibbon Health Services. A Section 363 process allowed the sale to proceed through bankruptcy court. Strawberry Fields REIT was initially selected as the stalking-horse bidder, a starting bid used in a court-supervised sale, before acquiring The Living Center in the final combined transaction. Healthcare Transactions Group advised Fitzgibbon Health Services on the deal, according to the transaction announcement.
“ArchCare said it had struggled to achieve the operating efficiencies needed for Ferncliff’s long-term financial stability.”
— ArchCare, as reported by Skilled Nursing News
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Buyer and Approval Details Pending
Several terms of the Ferncliff transaction remain unknown: the prospective buyer, sale price and other financial terms have not been disclosed. The state health department had not received the required change-of-operator application as of Sept. 24, and there is no confirmed closing date. ArchCare’s estimate of up to two years describes a possible timeline, not a confirmed completion date.
For The Living Center, the final purchase price and any further details about post-sale operations were not provided in the source material. The reported $2.3 million figure is the amount by which the transaction exceeded the original stalking-horse bid, not the final sale price.
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State Review Will Shape Ferncliff Sale
The next reported step for Ferncliff is the required application and review by the New York State Department of Health. ArchCare is to remain the owner and operator until approval is obtained and the transaction closes. The state’s receipt of the application, any review milestones and the eventual identity of the buyer will clarify whether and when the proposed transfer proceeds.
The Missouri purchase has already closed. No additional court or regulatory milestone, purchase-price disclosure or operational change was specified in the available report. Further details about the facility’s operation under Strawberry Fields REIT were not provided.
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Key Questions
Which nursing home is ArchCare planning to sell?
ArchCare plans to sell Ferncliff Nursing Home in Rhinebeck, New York, to a buyer it has not identified.
Has the Ferncliff sale been completed?
No. The proposed sale is subject to state approval. ArchCare will continue to own and operate Ferncliff until the regulatory process is complete and the transaction closes.
How long could the Ferncliff sale take?
ArchCare said the process could take as long as two years. The source does not give a confirmed closing date.
What happened to the Missouri nursing home?
Strawberry Fields REIT bought The Living Center, a 99-bed facility in Marshall, Missouri. The sale closed Sept. 8 through a Section 363 process in the Chapter 11 proceedings of John Fitzgibbon Memorial Hospital and Fitzgibbon Health Services.
Was the final purchase price disclosed?
No. The final price for the Missouri transaction was not disclosed. The transaction announcement said it exceeded the original stalking-horse bid by about $2.3 million.
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