In addition, Genesis has paid approximately $15 million for the facilities' tangible operating assets along with a $53-million, fixed-price option to buy the properties, which is exercisable in 2026. A Genesis spokeswoman tells GlobeSt.com, "We're buying the right to operate the facilities for 25 years and purchase them toward the end of that period. Some of the younger, individual owners of residential care units in the facilities didn't want to sell, because of the tax consequences," she explains.

The facilities have an aggregate of 748 skilled nursing and 220 residential care beds, which cover orthopedic and stroke rehabilitation, brain injury services, Alzheimer and dementia care and post-hospital care in addition to assisted living. The properties are: Harbor Hill in Belfast, Windward Gardens in Camden, Sedgewood Commons in Falmouth, Sandy River Center in Farmington, River Ridge in Kennebunk, Marshwood Center in Lewiston, Orono Commons in Orono, Pine Point in Scarborough, Cedar Ridge in Skowhegan, Oak Grove in Waterville and Springbook in Westbrook.

Locally based Genesis has more than 200 skilled nursing centers and assisted living residences in 12 Eastern states. It also supplies contract rehabilitation therapy to more than 600 healthcare providers in 20 states and Washington, DC.