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Share this article Share this article DEARBORN, Mich., May 24, 2021 /PRNewswire/ -- Henry Ford Village ("HFV," "the community") today announced that the United States Bankruptcy Court in the Eastern District of Michigan has approved the sale of substantially all of HFV's assets to HFV OPCO, LLC, an affiliate of Sage Healthcare Partners ("Sage"), for $76.3 million, subject to entry of final agreed orders. The transaction remains subject to regulatory approvals and customary closing conditions, and HFV anticipates the sale will be completed in approximately 90 to 120 days. The path forward for...

Sage offered $76.3 million to outduel $69 million bid from MED Healthcare Bid includes funding a portion of resident deposits that total $112 million Henry Ford Village Henry Ford Village, a 1,038-bed continuing care retirement community in Dearborn, was sold at auction for $76.3 million An affiliate of New York-based Sage Healthcare Partners beat back a $69 million bid from Long Island-based MED Healthcare Partners at auction to acquire for $76.3 million the bankrupt 1,038-unit Henry Ford Village retirement community in Dearborn. The auction was held as a part of its court-supervised sale pr...

View Comments A New York firm has won an auction to buy the 1,038-unit Henry Ford Village retirement community in Dearborn out of bankruptcy and intends to pay a portion of current residents' refundable entrance fee deposits that bankruptcy had put at risk. The village announced Thursday that Sage Healthcare Partners won the auction with a $76.3 million bid, beating a $69 million offer from MED Healthcare Partners, the only other bidder. The deal is still subject to U.S. Bankruptcy Court approval and is scheduled for a May 24 hearing. Sage plans to continue operating the village, but w...

Henry Ford Village Announces Results of Chapter 11 Auction, Successful Bid from Sage Healthcare Partners Affiliate Sage Offers $76.3 Million to Acquire Dearborn-Based Senior Living Community Proposed Transaction Outlines Programs to Enhance Resident Experience and Employee Appreciation HFV Operating Without Interruption, Maintaining the Health, Safety and Lifestyle of Residents News provided by Share this article Share this article DEARBORN, Mich., May 6, 2021 /PRNewswire/ -- Henry Ford Village ("HFV," "the community") today announced that the auction held as a part of its court-supervised sa...