American Health Partners Announces Sale of American Health Communities (AHC) and Rehab America Divisions

American Health Partners, a leading provider of senior healthcare services, today announced a definitive agreement to sell its American Health Communities (AHC) and Rehab America divisions to a joint venture between CareTrust REIT, Inc., a publicly traded Real Estate Investment Trust (REIT) and a leading privately held real estate investment firm.

Under the terms of the agreement, the joint venture will own the AHC locations, ensuring the physical assets remain part of a strong, experienced real estate investment portfolio. Four respected operators— The Ensign Group (Nasdaq: ENSG), PACS Group (NYSE: PACS) and Links Healthcare Group, and a regional operator—will lease and manage the AHC facilities, overseeing daily operations, patient care, and clinical services.

“We’re excited to begin this new chapter for our company,” said Michael Bailey, President and CEO of American Health Partners. “While we’re streamlining our operations, we remain committed to providing compassionate, high-quality care to our residents and patients. The new owners and operators share these values. This move positions us to focus on growth opportunities in our remaining divisions—American Health Plans, TruHealth, Unity Psychiatric Care, and AmPharm.”

Bailey emphasized that the new structure will enable American Health Partners to focus more intently on growth, innovation, and value-based care. "This agreement allows us to sharpen our focus on expanding into new markets and embracing a value-based care model that aligns perfectly with our Medicare Advantage strategy and TruHealth’s proactive approach," Bailey said. "I see tremendous runway to grow these divisions, and I am confident we will continue to make a positive impact in senior healthcare."

The transaction is anticipated to close by the end of 2024