Summit Care Corp. Buys Nursing Center in Texas
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Summit Care Corp., a Burbank-based operator of nursing homes, said it has purchased a 240-bed nursing care center in Fort Worth, Tex., for $12 million.
Summit Care said the West Side Care Center has a 92% overall occupancy rate. The center has available land that will be used for an expansion to include facilities for retirement and assisted-living services, Summit Care said, adding that key personnel at the center will retain their positions.
Summit Care also said it has spent $1.5 million to buy a nursing center project in Fort Worth, where the company plans to construct CityView Care Center, a 212-bed nursing care facility. That project is scheduled to be completed in 1995.
Summit Care operates 21 nursing care centers and four assisted-living centers in California, Texas and Arizona.
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