Sila Realty Trust Completes $23.5 Million Acquisition of Dover Inpatient Rehabilitation Facility
Sila Realty Trust (NYSE: SILA) has completed a $23.5 million acquisition of an inpatient rehabilitation facility in Dover, Delaware. The 34-bed Dover Healthcare Facility, built in 2019, spans approximately 42,000 square feet and is fully leased to a joint venture between Bayhealth Medical Center and a subsidiary of Post Acute Medical, .
The facility is uniquely positioned as the only inpatient rehabilitation center in Kent County and one of just four in Delaware. It has maintained peak census since opening and benefits from the state's Certificate of Public Review licensure process, which creates significant entry barriers. The facility offers comprehensive inpatient and outpatient care programs, including physical, occupational, speech, and cognitive therapies.
Sila Realty Trust (NYSE: SILA) ha completato un'acquisizione da 23,5 milioni di dollari di una struttura di riabilitazione per pazienti ricoverati a Dover, Delaware. La struttura Dover Healthcare, con 34 posti letto, costruita nel 2019, si estende su circa 42.000 piedi quadrati ed è interamente affittata a una joint venture tra Bayhealth Medical Center e una controllata di Post Acute Medical.
La struttura è unica in quanto è l'unico centro di riabilitazione per pazienti ricoverati nella contea di Kent e uno dei soli quattro in tutto il Delaware. Ha mantenuto il massimo tasso di occupazione fin dall'apertura e beneficia del processo statale di licenza tramite il Certificato di Revisione Pubblica, che crea significative barriere all'ingresso. La struttura offre programmi completi di assistenza sia per pazienti ricoverati che ambulatoriali, inclusi trattamenti di fisioterapia, terapia occupazionale, logopedia e terapie cognitive.
Sila Realty Trust (NYSE: SILA) ha completado una adquisición de 23,5 millones de dólares de una instalación de rehabilitación para pacientes hospitalizados en Dover, Delaware. La instalación Dover Healthcare, con 34 camas, construida en 2019, abarca aproximadamente 42,000 pies cuadrados y está completamente arrendada a una empresa conjunta entre Bayhealth Medical Center y una subsidiaria de Post Acute Medical.
La instalación está estratégicamente posicionada como el único centro de rehabilitación para pacientes hospitalizados en el condado de Kent y uno de solo cuatro en Delaware. Ha mantenido una ocupación máxima desde su apertura y se beneficia del proceso estatal de licencia mediante el Certificado de Revisión Pública, que crea barreras significativas para la entrada. La instalación ofrece programas integrales de atención para pacientes hospitalizados y ambulatorios, incluyendo terapias físicas, ocupacionales, del habla y cognitivas.
Sila Realty Trust (NYSE: SILA)가 델라웨어 주 도버에 위치한 입원 재활 시설을 2,350만 달러에 인수를 완료했습니다. 2019년에 지어진 34병상 도버 헬스케어 시설은 약 42,000평방피트 규모이며, Bayhealth Medical Center와 Post Acute Medical 자회사의 합작 투자에 전액 임대되어 있습니다.
이 시설은 켄트 카운티 내 유일한 입원 재활 센터이자 델라웨어 주 내 단 4곳 중 하나로 독보적인 위치를 차지하고 있습니다. 개장 이래로 최고 점유율을 유지해 왔으며, 주 정부의 공공심사 증명서(Certificate of Public Review) 허가 과정을 통해 높은 진입 장벽을 가지고 있습니다. 이 시설은 물리치료, 작업치료, 언어치료 및 인지치료를 포함한 포괄적인 입원 및 외래 치료 프로그램을 제공합니다.
Sila Realty Trust (NYSE: SILA) a finalisé une acquisition de 23,5 millions de dollars d'un centre de rééducation pour patients hospitalisés à Dover, Delaware. Le centre Dover Healthcare, construit en 2019, dispose de 34 lits, s'étend sur environ 42 000 pieds carrés et est entièrement loué à une coentreprise entre le Bayhealth Medical Center et une filiale de Post Acute Medical.
Cette installation occupe une position unique en tant que seul centre de rééducation pour patients hospitalisés dans le comté de Kent et l'un des quatre seuls dans l'État du Delaware. Elle maintient un taux d'occupation maximal depuis son ouverture et bénéficie du processus d'homologation par certificat d'examen public de l'État, qui crée d'importantes barrières à l'entrée. Le centre propose des programmes complets de soins pour patients hospitalisés et ambulatoires, incluant des thérapies physiques, occupationnelles, orthophoniques et cognitives.
Sila Realty Trust (NYSE: SILA) hat den Erwerb einer stationären Rehabilitationsklinik in Dover, Delaware, im Wert von 23,5 Millionen US-Dollar abgeschlossen. Die 2019 erbaute Dover Healthcare Einrichtung mit 34 Betten erstreckt sich über etwa 42.000 Quadratfuß und ist vollständig an ein Joint Venture zwischen dem Bayhealth Medical Center und einer Tochtergesellschaft von Post Acute Medical vermietet.
Die Einrichtung ist einzigartig positioniert als das einzige stationäre Rehabilitationszentrum im Kent County und eines von nur vier in Delaware. Seit der Eröffnung wird eine maximale Auslastung gehalten, und sie profitiert vom staatlichen Zertifikat für öffentliche Überprüfung, das erhebliche Markteintrittsbarrieren schafft. Die Einrichtung bietet umfassende stationäre und ambulante Pflegeprogramme, einschließlich physikalischer, ergotherapeutischer, sprachtherapeutischer und kognitiver Therapien.
- Strategic acquisition of the only inpatient rehabilitation facility in Kent County
- Facility has maintained peak census since opening
- Protected market position through state licensure barriers to entry
- Fully leased to joint venture including investment-grade rated health system
- Potential for future facility expansion due to high utilization
- None.
Insights
Sila's strategic $23.5M acquisition adds a fully-occupied rehab facility with strong tenant quality and regulatory barriers to competition, enhancing its stable healthcare portfolio.
Sila Realty Trust's
The most compelling aspect of this acquisition is the combination of tenant quality and competitive positioning. The facility is fully leased to a joint venture between an investment-grade health system (Bayhealth) and a leading post-acute care provider (Post Acute Medical), creating a robust tenant profile that minimizes default risk. This tenant stability is precisely what REIT investors seek.
The regulatory moat provided by Delaware's Certificate of Public Review licensure process creates a meaningful barrier to entry for potential competitors. Combined with the facility's status as the only inpatient rehabilitation center in Kent County, this regulatory protection enhances the property's long-term value proposition and helps ensure consistent occupancy rates.
From a portfolio construction perspective, this acquisition demonstrates Sila's ability to identify and execute on accretive opportunities in new markets. While modest in size relative to Sila's
The facility's consistent peak census (full occupancy) performance since opening in 2019 suggests strong demand fundamentals in the local market. This occupancy stability, combined with the CEO's mention of potential facility expansion, indicates promising future growth prospects beyond the initial acquisition metrics.
The Dover facility's unique position as the only inpatient rehab center in its county, consistent full occupancy, and dual-operator expertise creates exceptional value stability.
This Dover inpatient rehabilitation facility represents a distinctive healthcare asset with several characteristics that enhance its long-term viability. The 34-bed configuration is optimally sized for the rehabilitation specialty, allowing for efficient staffing models while maintaining sufficient scale for comprehensive service delivery.
The facility's operational structure merits special attention. The joint venture between Bayhealth Medical Center and Post Acute Medical creates an ideal operational partnership that leverages both local market presence and specialized expertise. Bayhealth, as Delaware's second-largest health system, provides robust patient referral channels and community integration, while Post Acute Medical contributes specialized rehabilitation management expertise and operational efficiencies from its national platform.
Perhaps most significant from an operational stability perspective is the facility's protected market position. As the only inpatient rehabilitation facility in Kent County and one of only four statewide, it serves as an essential component of Delaware's healthcare infrastructure. The Certificate of Public Review licensure process effectively creates a regulated monopoly within its service area, virtually eliminating direct competition risk.
The consistent maintenance of peak census indicates both strong demand for rehabilitation services and effective operational management. This occupancy performance is particularly noteworthy in the rehabilitation segment, where patient lengths of stay are typically shorter than in other healthcare settings, requiring continuous referral pipeline management.
The facility's relatively recent construction (2019) means minimal near-term capital expenditure requirements and contemporary design that likely incorporates modern rehabilitation therapy spaces and technology infrastructure. The 42,000 square foot footprint provides adequate space for both current operations and the potential expansion mentioned by management.
The Dover Healthcare Facility is a 34-bed, inpatient rehabilitation facility offering comprehensive inpatient and outpatient care programs from physical and occupational therapies to speech and cognitive treatments. The approximately 42,000 square foot facility was built in 2019 and is fully leased to a joint venture between Bayhealth Medical Center, Inc., an investment grade rated health system and the second largest health system in the state of
“The Dover Healthcare Facility’s joint venture tenancy between two national and state level leading healthcare providers, and exceptional performance since opening, exemplifies our pursuit of creating a portfolio of strong tenants that we expect will deliver stable and predictable income streams leading to long-term value to our shareholders,” stated Michael A. Seton, President and Chief Executive Officer of the Company. “The Dover Healthcare Facility is our first acquisition in
About Bayhealth Medical Center and Post Acute Medical
Bayhealth Medical Center, Inc. (“Bayhealth”) is a not-for-profit, tax-exempt corporation with two acute care hospitals, including the 316-bed Bayhealth Hospital-Kent Campus, located in
About Sila Realty Trust, Inc.
Sila Realty Trust, Inc., headquartered in
Forward-Looking Statements
Certain statements contained herein, other than historical fact, may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provided by the same. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties. No forward-looking statement is intended to, nor shall it, serve as a guarantee of future performance. You can identify the forward-looking statements by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will” and other similar terms and phrases, including the barriers to entry, the Dover Healthcare Facility’s delivery of stable and predictable income streams, and the opportunity for future expansion at the Dover Healthcare Facility. Forward-looking statements are subject to various risks and uncertainties and factors that could cause actual results to differ materially from the Company's expectations, and you should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and could materially affect the Company's results of operations, financial condition, cash flows, performance or future achievements or events. Additional factors include those described under the section entitled Item 1A. "Risk Factors" of Part I of the Company's 2024 Annual Report on Form 10-K, as filed with the SEC on March 3, 2025, a copy of which are available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250417068461/en/
Investor Contact:
Miles
833-404-4107
IR@silarealtytrust.com
Source: Sila Realty Trust, Inc.
FAQ
What is the value and location of Sila Realty Trust's latest acquisition?
How many beds does the Dover Healthcare Facility have and when was it built?
Who are the tenants of SILA's newly acquired Dover Healthcare Facility?
What competitive advantages does SILA's Dover Healthcare Facility have?
What services does SILA's new Dover Healthcare Facility offer?
