Providence Health Group Acquires Elizabeth Care Center Nursing Home From Coplin Health Systems For $4.3M

The property asset involved is a nursing home located at 83 Little Kanawha Parkway in Elizabeth, WV. It features 36 units and was sold from Coplin Health Systems to Providence Health Group in late 2024. The loan provided for this facility amounted to $4,300,000.

Summary of transaction details:

• Property Type: Nursing Home
• Transaction Amount: $4,300,000
• Loan Amount: $4,300,000
• Lender: Cambridge Realty Capital
• Landlord: Providence Health Group
• Market: Elizabeth, WV
• Units: 36
• Loan Date: 10/23/2025

This transaction saw Cambridge Realty Capital provide a HUD 223(f) loan through HUD’s Express Lane program, which received firm commitment approval in just 18 days. The refinancing was part of a larger operational strategy for the property under Providence Health Group.