Allentown
34° F
Overcast
Overcast

Montgomery County Commissioners prepare for sale of Parkhouse Providence Pointe

Published On: Jan 14 2014 07:34:06 PM CST
69 News
NORRISTOWN, Pa. -

The sale of Parkhouse Providence Pointe is expected to be completed by the end of the month, according to Frank Custer, the Montgomery County Communications Director.

As expected, Mid-Atlantic Health Care is purchasing the property for $39 million.

Mid-Atlantic also owns nursing homes in Maryland, where they are based, as well as Delaware and elsewhere in Pennsylvania.

Custer says in preparation for the sale, County Commissioners, at their meeting last Thursday, moved to payoff $6.5 million in debt owed to bond holders