Henry Ford Village secures approval to sell assets to Sage affiliate

By Sarah Lizee

Olympia, Wash., May 24 – Henry Ford Village, Inc. said that the U.S. Bankruptcy Court for the Eastern District of Michigan has approved the sale of substantially all of its assets to HFV OPCO, LLC, an affiliate of Sage Healthcare Partners, for $76.3 million.

The transaction remains subject to regulatory approvals and customary closing conditions, and Henry Ford Village anticipates the sale will be completed in about 90 to 120 days, according to a press release.

Henry Ford Village is a senior living community based in Dearborn, Mich. The company filed Chapter 11 bankruptcy on Oct. 28 under case number 20-51066.

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