We’re pleased to announce the sale of Oromocto Special Care Home and Gagetown Special Care Home by previous owners Marty & Colleen Hood and Dr. Paul & Tracey Smyth of New Brunswick to a group of industry investors. The sale took place in the summer of 2019. Combined, the homes offer approximately 90 beds for seniors including a mix of assisted living and memory care.
The Hoods and Smyths entered the industry in 2012 with the purchase of Gagetown Special Care Home and quickly gained a reputation in the industry for delivering high-quality care in well-maintained facilities. Building on their success in Gagetown, they built and opened a second facility, Oromocto Special Care Home, in 2016.
Confederation M&A were the exclusive sell-side M&A advisors on the transaction.
For more information on this transaction, please contact:
Bob Brown, Principal, Senior Advisor