Greenfield nursing and rehab center sold for $15.2 million

Long Beach, Calif.-based HCP Inc., a real estate investment trust that serves the health care industry, recently purchased the Post Acute Specialty Hospital of Milwaukee, located at 5015-17 S. 110th St. in Greenfield, from Toledo, Ohio-based Health Care REIT Inc. for $15.2 million, according to state records.

The three-story, 56,229-square-foot building was constructed in 1989 and has an assessed value of $9.1 million, according to city records.

The facility provides long term nursing care and short term rehabilitation services.  

The business was recently acquired by Camp Hill, Pa.-based Post Acute Medical LLC and Mechanicsburg, Pa.-based Vibra Healthcare LLC from Louisville, Ky.-based Kindred Healthcare Inc. The facility’s name was changed recently from Kindred Hospital of Milwaukee to Post Acute Specialty Hospital of Milwaukee.

The Greenfield facility is one of several that Post Acute Medical and Vibra recently acquired from Kindred.

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