DONE DEAL:
Central Michigan SNF
Blueprint is pleased to announce the successful sale of a 157-bed skilled nursing facility located in an affluent market in Central Michigan. The facility is currently home to the largest ventilator care program in the State of Michigan.

The timing of the offering and the transaction was opportune as regulatory issues encountered by the facility in the prior year were resolved and there was a positive trajectory in financial performance tied to the ensuing operational turnaround primarily due to the highly successful expansion of the ventilator and tracheotomy program. On a forward-looking basis, the facility was projected to produce in excess of $18,000,000 and $1,000,000 in Total Revenue and EBITDAR, respectively.

Through Blueprint’s extensive network of relationships within the industry and its marketing expertise, the transaction price was ultimately driven up to $9,000,000 which represents $57,324 per bed. The Seller is a high net-worth family based in New Jersey, and the buyer is a local for-profit owner/operator headquartered in Suburban Detroit that now operates approximately 15 facilities throughout the State of Michigan.

Jacob Gehl and Chris Hyldahl were lead advisors on the transaction. Mike Segal and Aleks Jogerst assisted in completing the transaction.

LEAD ADVISORS
Jacob Gehl
Senior Managing Director, Founding Partner
(310) 893-7182
jacob@blueprintHCRE.com
Christopher Hyldahl
Senior Managing Director, Founding Partner
(310) 893-7181
chyldahl@blueprintHCRE.com