West Virginia Finalizes Sale of 4 Long-Term Care Facilities

Gov. Patrick Morrisey said West Virginia has finalized the sale of four long-term care facilities to Marx Development Group, a privately held, full-service real estate development firm based in Fresh Meadows, N.Y. The $60 million sale includes Hopemont Hospital in Terra Alta, Jackie Withrow Hospital in Beckley, John Manchin Sr. Health Care Center in Fairmont and Lakin Hospital in West Columbia. The state first announced plans for the sale in August, and the transaction was finalized Nov. 1.

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Source: https://www.beckershospitalreview.com/hospital-transactions-and-valuation/west-virginia-finalizes-sale-of-4-long-term-care-facilities/

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