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Two hospital-linked nursing home transactions are at different stages: ArchCare plans to sell Ferncliff Nursing Home in Rhinebeck, New York, while Strawberry Fields REIT completed the purchase of The Living Center in Marshall, Missouri. Ferncliff’s buyer and sale terms have not been disclosed, and the proposed transfer still needs state approval; the Missouri transaction closed Sept. 8 after a bankruptcy sale process.
ArchCare plans to sell Ferncliff Nursing Home in Rhinebeck, New York, while Strawberry Fields REIT bought a 99-bed Missouri nursing home on Sept. 8, according to Skilled Nursing News. The deals mark separate changes for facilities linked to hospital and health systems: Ferncliff’s proposed sale remains subject to state approval, while the Missouri purchase closed through a Chapter 11 bankruptcy process.
ArchCare, a nonprofit Catholic health care system affiliated with the Archdiocese of New York, plans to sell Ferncliff to a buyer it has not identified. The organization did not disclose the proposed sale price or other financial terms. According to the report, ArchCare will continue to own and operate the facility until the required regulatory review is complete and the transaction closes.
The proposed transfer requires approval from the New York State Department of Health. The department said that, as of Sept. 24, it had not received the required change-of-operator application. ArchCare said the process could take up to two years, so the sale is not imminent. The report says the organization reduced Ferncliff’s operating beds from its licensed capacity of 309 to 196.
In Missouri, The Living Center in Marshall, a 99-bed skilled nursing facility connected to John Fitzgibbon Memorial Hospital, was sold to Strawberry Fields REIT on Sept. 8. The sale followed about six months of proceedings in bankruptcy court involving John Fitzgibbon Memorial Hospital and Fitzgibbon Health Services. The final purchase price was not disclosed, though the transaction’s price exceeded Strawberry Fields’ original stalking-horse bid by about $2.3 million.
Two Facilities, Different Sale Timelines
The deals show why a nursing home sale can mean very different things for residents, employees and local health services depending on its stage. The Missouri sale has closed, ending a bankruptcy-court process for a facility connected to a hospital. Ferncliff remains under ArchCare while the proposed transfer awaits an application and regulatory review.
For Ferncliff, the extended timetable means there is no immediate change in ownership or operation based on the information reported. The lack of a disclosed buyer and financial terms also leaves open questions about the future operator and the terms under which the facility would change hands. The report does not describe any planned changes to staffing, services or resident care at either facility.
The Missouri transaction also reflects a court-supervised sale in which the final purchase price exceeded the initial stalking-horse bid. That increase indicates the final deal was higher than the original benchmark by about $2.3 million; the actual purchase price remains undisclosed. The source does not provide details on post-sale operations or any changes affecting residents.
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How the Two Sales Took Shape
ArchCare said its planned Ferncliff sale follows years of investment, but that it has struggled to achieve the operating efficiencies needed for the facility’s long-term financial stability. The organization has reduced the number of beds it operates at Ferncliff from a licensed 309 to 196, according to the report. Those statements describe ArchCare’s rationale; the source does not provide financial figures or an independent assessment of the facility’s operating position.
The Missouri sale was handled under a Section 363 process in Chapter 11, which allowed the assets to be sold through the bankruptcy proceedings of the hospital and Fitzgibbon Health Services. Strawberry Fields REIT was first selected as the stalking-horse bidder for The Living Center, then acquired the hospital as part of a single combined transaction. Healthcare Transactions Group served as Fitzgibbon Health Services’ exclusive mergers-and-acquisitions adviser, according to the report.
“The organization said it had invested in Ferncliff but struggled to achieve the operating efficiencies needed for the facility’s long-term financial stability.”
— ArchCare, as reported by Skilled Nursing News
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Buyer and Approval Still Pending
For Ferncliff, the prospective buyer, sale price and other financial terms remain undisclosed. The state health department had not received the required application as of Sept. 24, and the sale remains subject to its approval. ArchCare has said the process may take as long as two years, but the source does not give a firm closing date.
For The Living Center, the purchase closed Sept. 8, but the final price was not made public. The source also does not specify what operational arrangements followed the combined transaction or report any resulting changes to staffing, services or resident care. No such changes should be assumed from the sale alone.
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State Review Sets Ferncliff’s Next Step
The next reported step for Ferncliff is submission of the change-of-operator application to the New York State Department of Health, followed by the state’s review. ArchCare is to continue owning and operating the nursing home while that process proceeds. The timing of the application, the review and any final closing date have not been announced in the source material.
The Missouri transaction is already closed. Further details about the combined acquisition, the undisclosed final price or any operational changes could clarify its effects, but the report does not say whether additional announcements are planned.
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Key Questions
Which nursing homes are involved in the deals?
Ferncliff Nursing Home in Rhinebeck, New York, is slated for a sale by ArchCare. The Living Center, a 99-bed facility in Marshall, Missouri, was sold to Strawberry Fields REIT.
Has ArchCare’s sale of Ferncliff closed?
No. The proposed sale remains subject to New York State Department of Health approval. ArchCare is to retain ownership and operation until the regulatory process is complete and the deal closes.
Who is buying Ferncliff, and what is the sale price?
The source report does not identify Ferncliff’s prospective buyer or disclose the sale price and other financial terms.
When did Strawberry Fields REIT buy The Living Center?
The Missouri facility was sold to Strawberry Fields REIT on Sept. 8, 2026, following about six months of bankruptcy-court proceedings. The final purchase price was not disclosed.
What is known about Ferncliff’s timeline?
ArchCare said the transaction could take up to two years. As of Sept. 24, the New York State Department of Health said it had not received the required change-of-operator application.
Source: rss
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