March 29, 2023 | For Media Inquiries Contact Zach Melchiori
(Carmichael, CA) – Eskaton, a nonprofit Sacramento-based senior living organization, has announced the pending sale of its portfolio of standalone skilled nursing communities. The sale is a cornerstone of a plan to expand and enhance Eskaton’s offerings in independent senior living, assisted living, memory care and homecare services.
“We have decided, through intense evaluation, that it is time to reposition Eskaton for the coming decade,” said Todd Murch, Eskaton CEO. “The sale of our standalone skilled nursing communities will allow us to strengthen our residential living, affordable housing and home-based services, plus enable expansion across Northern California through management or affiliation with existing non-profit residential living providers.”
Additional detail about the sale of the three communities, Eskaton Care Center Manzanita, Eskaton Care Center Greenhaven and Eskaton Care Center Fair Oaks, is expected in the coming weeks. Eskaton employees were notified of the pending sale in mid-January.
Following an extensive offering and due diligence process, Eskaton selected a local operator, Cypress Healthcare Group headquartered in Roseville, California, with IEP as a capital partner. The transition process will require Attorney General approval and will take most of the year to complete.
“Eskaton has evolved considerably over our 55-year history and over that time we have offered just about everything imaginable across the spectrum of senior services and housing,” said Murch. “This action is in the best interest of the skilled nursing buildings, their employees, and their patients, and will strengthen Eskaton and our mission to serve older adults throughout Northern California.”