Blueprint was tasked with the responsibility of maximizing value on behalf ownership in the strategic disposition of a 60-bed skilled nursing facility in Lawrence County, Ohio. At the time of sale, the asset was operationally challenged and was cash flow-negative. Through a targeted marketing approach, an ideal buyer emerged in a partnership Blueprint helped orchestrate. The new venture consisted of a savvy regional operator with a specialty focus on higher acuity care and an opportunistic real estate investor with a knack for adding value through acquisitions. Both parties are optimistic that Sunset’s census, revenue, and operating income will all soon be on the RISE.
The purchase price was $2,100,000, or $35,000 per bed.
Jacob Gehl and Connor Doherty were the lead advisors on the transaction.