Kindred Healthcare buys Glenwillow nursing facility for $13.6 million

Cleveland Plain Dealer: GLENWILLOW -- Kindred Healthcare Inc. of Louisville, Ky., has purchased the Stratford Commons nursing facility in Glenwillow for $13.6 million, according to property records.

The health care services company bought Stratford Commons from a local owner, Glenwillow Healthcare LLC, in a deal that closed April 1. The facility, at 7000 Cochran Road, comprises 105 beds in a skilled-nursing facility and 68 assisted-living apartments.

Kindred operates hospitals on East 22nd Street and at Fairhill Road and Martin Luther King Jr. Drive in Cleveland. The company owns LakeMed Nursing and Rehabilitation Center in Painesville and a Lyndhurst nursing facility and assisted-living property, respectively called the Greens and the Fountains on the Greens.

Stratford Commons fits well with Kindred's other Ohio properties, said Chris Murphy, senior vice president for the central region in the company's health services division. Kindred has no immediate plans to make changes at the facility and will keep the existing Stratford Commons staff, about 110 people.

Kindred is not looking at other potential acquisitions in the Cleveland area, Murphy said.