The Arbor Ridge Rehabilitation & Healthcare Center, formerly the Oak Ridge Rehabilitation and Nursing Center, at 261 Terhune Drive in Wayne — Courtesy: Tryko Partners
By Joshua Burd
Private equity investment firm Tryko Partners has acquired a skilled nursing facility in Wayne, with plans to reposition and expand the services at the 120-bed property.
The Brick-based company on Thursday announced its purchase of the Oak Ridge Rehabilitation and Nursing Center at 261 Terhune Drive. Renamed Arbor Ridge Rehabilitation & Healthcare Center, the facility will soon offer enhanced specialty care programming, including the introduction of a Korean cultural offering.
The property also sits three miles from the Oakland Rehabilitation & Healthcare Center, another Tryko Partners-owned facility. Terms were no disclosed.
“Oak Ridge is a natural fit for us geographically,” said Uri Kahanow, Tryko’s director of acquisitions, who spearheaded the purchase. “Plans are underway to modernize — and perhaps potentially expand — the physical plant and create market-specific programs that will complement what Oakland Rehabilitation & Healthcare Center already has in place. Ultimately, these facilities present two top regional choices for skilled nursing care.”
Arbor Ridge provides post-hospital care, short-term rehab and long-term residential care, maintaining a four-star rating from the Centers for Medicare & Medicaid Services, according to a news release. Tryko highlighted the property’s common and lounge areas, including a sunroom and a living room with fireplace, along with its outdoor gardens, courtyards and views of the Ramapo River.
Arbor Ridge Rehabilitation & Healthcare Center has retained the services of Marquis Health Services, Tryko Partners’ health care affiliate, the news release said. With a team of clinical, compliance and financial consultants, Marquis and Arbor Ridge will create specialized programming to better meet local health care needs.
Tryko’s plans to establish a dedicated Korean cultural program will center on a culturally authentic environment for the care and comfort of Korean seniors, the firm said. Those plans call for caregivers and medical professionals who share their values and speak their language, along with traditional décor, ethnic cuisine prepared in-house and special cultural programming and recreational activities.