January 26, 2024
The sellers of a $257 million portfolio of 17 North and South Carolina skilled nursing and assisted living facilities urged a North Carolina federal court to dismiss the portfolio buyers' suit over a deal that had a total value of more than $298 million, arguing on Friday that the asset purchase agreement for the soured deal has a forum selection clause that forces them to litigate in North Carolina state court.
December 20, 2023
The buyers of a portfolio of 17 skilled nursing facilities in North Carolina and South Carolina sued in federal court Wednesday to force a closing after the seller became "upset" at a change in the nearly $300 million transaction and stopped negotiating.