DONE DEAL:
Not So Easy Cheesy
Blueprint is pleased to announce the successful sale of Fountain View Care Center and Wolverton Glen Assisted Living, a senior healthcare campus located in Ripon, Wisconsin. Blueprint was engaged by a publicly-traded REIT looking to wind down an operator relationship.

With the campus being the only licensed provider in town, all assisted living units were occupied at the time of sale, but its skilled nursing bed census hovered around only 30%. Blueprint was tasked with sourcing and executing a relatively speedy transaction for its client, while also maximizing execution certainty in light of the occupancy challenges. Through Blueprint’s knowledge of the regional market and, more specifically, of new entrants in the space seeking value-add acquisition opportunities, an inconspicuous owner-operator buyer was sourced and selected, following a thorough vetting process. While the parties encountered various obstacles during the diligence review and licensure approval stages, Blueprint was able to swiftly maneuver through the issues to keep the deal on track through closing.

The transaction was handled by Ben Firestone and Michael Segal.

LEAD ADVISORS
Ben Firestone
Senior Managing Director, Founding Partner
(312) 300-4000
bfirestone@blueprintHCRE.com
Michael Segal
Managing Director
(312) 300-4137
msegal@blueprintHCRE.com