Continuing its strategic growth in the Mid-Atlantic region, Tryko Partners has acquired three skilled nursing facilities in Virginia. The additions represent a geographic expansion for the Brick, N.J.-based private equity investment firm.

The facilities, which were part of the Cambridge Healthcare Portfolio, include the 307-bed Woodbine Rehabilitation & Healthcare in Alexandria, the 190-bed Lexington Rehabilitation & Healthcare in Richmond, and the 66-bed Westmoreland Rehabilitation & Healthcare in Colonial Beach. Each provides post-hospital care, short-term rehab and long-term residential care. Tryko plans to invest a total of close to $9 million for renovations and programming enhancements at the facilities. 

The three facilities have retained the services of Marquis Health Services, Tryko Partners’ healthcare affiliate. The highly skilled and vision-driven nursing home administrative services company currently supports Mid-Atlantic and New England facilities totaling nearly 4,500 skilled nursing and assisted living beds, as well as more than 2,000 independent living units. Together with a carefully assembled team of clinical, compliance and financial consultants, Marquis and its new member facilities will create specialized programming to better meet local healthcare needs.

M&T Bank, a repeat partner for Tryko Partners, provided purchase financing for the Virginia acquisition. 

In addition to investing in skilled nursing facilities, Brick, N.J.-based Tryko Partners also purchases multifamily properties and tax liens along the Eastern Seaboard and in the Midwest. Founded in 1989, the company has established successful, long-term partnerships with both individual and institutional investors, as well as a wide network of relationships with financing entities.