The transaction involved the sale of Etowah Landing, a 100-bed facility in Rome and River Towne Center, a 210-bed facility in Columbus. Blueprint conducted a highly selective and confidential marketing campaign positioning the assets as a value-add opportunity, showcasing steadily improving operational performance. After a competitive bidding process including multiple offers from qualified investors and regional operators, Blueprint selected Pyramid Healthcare Management, a newly-formed operator with experience in the Northeast and Midwest. Pyramid’s principals have extensive operating experience including providing specialty care programming. This transaction represents a fruitful first acquisition for Pyramid in the state of Georgia.
The purchase price of $12,725,000 was equal to approximately $41,000 per licensed bed.
Trent Gherardini led the marketing efforts, and Mike Segal along with Gideon Orion tackled the transaction on behalf of the seller.