The new operator is PACS Group Inc., a Utah-based holding company whose subsidiaries consist of post-acute care facilities, professionals and ancillary services.
PACS Group
The national for-profit chain Providence is getting bigger. The Oaks Healthcare, the nursing home segment of The Oaks of Orangeburg, has sold its nursing home services to Cascade Capital Group, a Skokie, Illinois-based private health care real estate investment and asset management firm. Cascade’s interests include skilled nursing, post-acute, rehabilitation and transitional-care facilities, as well as assisted-living communities.
PACS became the operator of the nursing home on April 1, according to The Oaks of Orangeburg manager Clay Fowler.
Fowler also owns Orangeburg’s Longwood Plantation Assisted Living and Magnolia Place.