Texas company pays $50 million for two area nursing homes

Dallas-based Lone Star Funds buys assisted living facilities in Fort Myers and North Port recently foreclosed on

  • By Louis Llovio
  • | 12:29 p.m. September 28, 2021
  • | 0 Free Articles Remaining!
COURTESY: Discovery Commons South Biscayne in North Port is one of two assisted living facilities sold to a Texas private equity firm.
COURTESY: Discovery Commons South Biscayne in North Port is one of two assisted living facilities sold to a Texas private equity firm.
  • Manatee-Sarasota
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A Texas private equity firm has bought two local assisted living facilities in deals totaling more than $50 million.

According to property records, Dallas-based Lone Star Funds bought Discovery Commons Cypress Point in Fort Myers for $32.3 million and Discovery Commons South Biscayne in North Port for $19.2 million.

 

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