Oaks sells nursing home to national operator
04/16/24 at 03:00 AM
Oaks sells nursing home to national operator
The Times and Democrat, by Gene Zaleski; 4/13/24
The Oaks Healthcare, the nursing home segment of The Oaks of Orangeburg (SC), has sold its nursing home services to Cascade Capital Group, a Skokie, Illinois-based private health care real estate investment and asset management firm. ... The Oaks will become PACS' 25th nursing home in the state and will join over 220 other nursing homes that PACS operates throughout the country. ... [The Oaks of Orangeburg manager] Clay Fowler said the changes will enable a greater focus on the PACE program. The program was rebranded as the Orangeburg Senior Helping Center-A PACE Healthcare Program in February 2022.