PE-backed Ark Holdings Buys HMR Advantage Health

Ark Holdings Inc., which owns skilled nursing homes, has acquired HMR Advantage Health Systems, a South Carolina-based owner and operator of long-term care centers. The deal was valued at $143.8 million. Ark Holdings is backed by Behrman Capital. HMR provides post-operative therapy to long-term skilled nursing. The company has 21 centers across South Carolina, North Carolina and Georgia. Behrman Capital established Memphis, Tenn.-based Ark Holdings in July 2007.

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