BUSINESS BRIEF: Woodbriar Health Center To Be Sold In Early 2019

WILMINGTON, MA — According to recent reporting in the Boston Globe, Synergy Health Centers will soon be selling the Woodbriar Health Center in Wilmington.

The New Jersey-based nursing home company, which has been recently penalized by regulators for patient deaths and injuries, has more than $31 million in debts. A majority of its 10 Massachusetts facilities are now in the hands of a court-appointed receiver.

The court-appointed receiver has approved the sale of two nursing homes — Woodbriar Health Center in Wilmington and Grosvenor Park Health Center in Salem — to Pointe Group, a Massachusetts company which already owns three nursing homes in the state.

The Massachusetts Department of Public Health must still approve the sale, and a judge must sign off on the deal. A sale is expected to be complete by the end of March.

Synergy Health Centers’ nursing homes in Sunderland and Newton are set to close in early 2019. The sales of the Merrimack Valley Health Center in Amesbury, Watertown Health Center, and Worcester Health Center are pending to A&L Holdings. Braemoor Health Center in Brockton and West Revere Health Center will be sold by the receiver.

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