Real-estate investor Daryl Hagler, a key figure behind a network of Centers Health Care nursing homes, has sold five nursing-home sites for roughly $332 million, a major reshuffling that lands while state investigators and labor groups are still probing his companies' operations and finances.
According to Crain's New York Business, the portfolio, valued at about $332 million, includes the Boro Park Center for Rehabilitation and Healthcare at 4915 10th Ave in Borough Park. On its operator website, the Boro Park Center is listed as part of the Centers Health Care network (Centers Health Care).
Hagler and longtime partner Kenneth Rozenberg have been at the center of high-profile enforcement actions. In November 2024, New York Attorney General Letitia James secured a $45 million settlement, as detailed by the attorney general's office. Separately, New Jersey's Office of the State Comptroller issued a report seeking roughly $123.9 million tied to alleged Medicaid irregularities related to their nursing-home operations, according to the New Jersey comptroller.
Market context
Investors have been busy in the skilled-nursing sector as owners juggle rising costs and reimbursement pressures and rethink what they want to hold. Portfolio deals and consolidations have been picking up as owner-operators trim risk or look for liquidity, a trend flagged by Skilled Nursing News.
Legal questions
The 2024 settlement with New York included a provision that bars the closing or sale of the four Centers homes named in that agreement for at least three years, according to the attorney general's office. Crain's reports that the five properties in the new deal appear to fall outside that group, but public filings have not yet clarified what regulatory approvals or oversight will follow the sale.
For residents, staff, and local advocates, the ownership transfer and any changes to staffing or day-to-day operations are likely to draw close attention. This story will be updated as buyer identities emerge and additional regulatory documents become public.
