Texas-based Reliant Hospital Partners LLC has purchased the 166-bed Braintree Rehabilitation Hospital and the 168-bed New England Rehabilitation Hospital in Woburn for $90 million from Senior Housing Properties Trust of Newton.

The acquisition is part of a joint venture with The Sanders Trust of Birmingham, Ala. and Harrison Street Real Estate Capital of Chicago.

Jones Lang LaSalle assisted Richardson, Texas-based Reliant in obtaining acquisition financing from Regions Bank, Customers Bank, IBERIABANK and Cadence Bank.

Texas Company Buys Braintree, Woburn Rehab Hospitals For $90M

by Banker & Tradesman time to read: <1 min
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