Tryko Partners, a private equity firm based in Brick, announced on Thursday it has expanded its local skilled nursing portfolio with the acquisition of the Oak Ridge Rehabilitation and Nursing Center in Wayne.
The center, which will be renamed the Arbor Ridge Rehabilitation & Healthcare Center, will soon offer enhanced specialty care programs, including the introduction of a new Korean culture offering. The offering will create a culturally authentic environment for Korean seniors, providing medical professionals that share the values and language as well as traditional decor, ethnic cuisine prepared in-house and special cultural programming and recreational activities.
The property, located at 261 Terhune Drive, is located just three miles from another Tryko-owned rehabilitation center.
“Oak Ridge is a natural fit for us geographically,” Tryko’s Uri Kahanow, director of acquisitions, who spearheaded the purchase, said. “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.”
The 120-bed Arbor Ridge will provide post-hospital care, short-term rehab and long-term residential care. It offers comfortable common and lounge areas, including a sunroom and living room with fireplace. Outside it has gardens, courtyards and scenic views of the Ramapo River.
Arbor Ridge said it has retained the services of Marquis Health Services to create specialized programming to better meet the needs of the local community.