Henry Ford Village names Sage affiliate winning bidder for assets

By Sarah Lizee

Olympia, Wash., May 6 – Henry Ford Village, Inc. said the auction held as a part of its court-supervised sale process has concluded with HFV OPCO, LLC, a newly formed affiliate of Sage Healthcare Partners, deemed as the best offer.

The transaction is subject to approval from the U.S. Bankruptcy Court for the Eastern District of Michigan, as well as regulatory approvals and customary closing conditions.

Sage is set to acquire all of Henry Ford Village's assets for $76.3 million, integrating Henry Ford Village into its network of senior living communities.

Objections to the sale are due May 21.

The sale hearing is scheduled for May 24.

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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