Baltimore nonprofit buys Texas nursing home portfolio for $590M

The move to purchase the 50 nursing homes of Victoria-based Regency Integrated Health Services may seem like a big pivot for the Jack and Nancy Dwyer Workforce Development Center, an East Coast nonprofit that hopes to tackle the nationwide nursing shortage while providing economic opportunity to underprivileged people. But the profits from the portfolio will go back to the nonprofit to fuel its expansion across the country.
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