Gross revenues and EBITDA, after a 5% management fee, were equal to $5,939,642 and $491,003, respectively. The Quality Mix was 27% and held a consistent census of 81%. At the time of sale the subject property was not enrolled in the IGT Program.
RV sold for $5,000,000, or $52,083 per bed. The facility was owned and operated by an extremely reputable, local physician group. The buyer was a private equity fund based in Washington, D.C., and will be leased to an Illinois based operator.
Christopher Hyldahl was the lead advisor on the transaction, representing the seller as well as confidentially sourcing the buyer.