DONE DEAL:
Forever Youngstown
Blueprint is pleased to announce the successful sale of another skilled nursing facility located in the Youngstown market of Northeast Ohio. Blueprint conducted an exclusive sales process to confidentially market the asset to unlock value.

Riding the wave of momentum from a recently completed successful transaction in the same regional Ohio marketplace, Blueprint was engaged by a well-respected Ohio owner-operator seeking to divest of an underperforming, non-core asset. Ultimately, Blueprint introduced a high-acuity operator to a national skilled nursing investor, which made an ideal partnership to purchase the Mahoning County facility.

The subject facility was 80% occupied with a 23% quality payor mix and generated approximately $4,200,000 in annual revenues at time of the transaction. Blueprint’s exclusive sales process yielded a $4,200,000 purchase price, or approximately $68,000 per licensed bed. The incoming operator plans to focus on higher-acuity resident admissions to drive revenue and cash flow.

Jacob Gehl and Connor Doherty executed the transaction.

LEAD ADVISORS
Jacob Gehl
Senior Managing Director, Founding Partner
(310) 893-7182
jacob@blueprintHCRE.com
Connor Doherty
Senior Associate
(312) 300-4834
cdoherty@blueprintHCRE.com