The pledge is part of a new master lease arrangement with a subsidiary of Fundamental Healthcare for four facilities, according to a news release. The master lease, which took effect March 20, covers 130-bed Mountain’s Edge, as well as 39-bed Horizon Specialty Hospital of Henderson in Las Vegas, the 120-bed Physical Rehabilitation and Wellness Center of Spartanburg (S.C.), and the 142-bed Fort Worth, Texas-based skilled nursing facility Mira Vista Court.
According to the release, the four covered facilities were previously leased under separate triple-net leases. Under the new arrangement, Mountain’s Edge’s master lease is set to expire in 2032.
The expansion at Mountain’s Edge includes the construction of five new surgical suites.
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