The AdventHealth Care Centers Portfolio included seven premier, high barrier-to-entry locations with 833 total licensed beds. Nearly all facilities were 4 and 5-star CMS rated, with two flagship state-of-the-art centers constructed in 2018 and 2019. Locations were strategically situated within the health system’s footprint including some hospital-adjacent sites providing specialized care for higher acuity patients

Blueprint’s targeted marketing approach highlighted the irreplaceable real estate, high referral volume and resulting quality payor mix and overall census, and operating margin upside following Florida’s Medicaid reimbursement rate increase. Blueprint generated several compelling written offers, creating a hyper-competitive bidding environment amongst multiple prospective buyers

After multiple rounds including comprehensive interviews, the prevailing bidder was New York-based Infinite Care along with its local operating subsidiary, Solaris Healthcare. The buyer was carefully selected for its unique, patient-centric approach delivering quality care and its ability to transact and transition this regional portfolio despite industry and financing headwinds

Blueprint worked closely with all parties to create transactional alignment and establish a thoughtful and ongoing, post-closing relationship between the new operator and AdventHealth. Blueprint also advised the buyer through the challenging capital market environment to structure a strategic financing outcome with multiple lenders to successfully fund and close the transaction

“Blueprint delivered exceptional advisory services for us from start to finish. The Blueprint team’s professional and strategic transaction management approach was invaluable in guiding through the entire process, culminating in a reliable closing.

Michael Segal and the Blueprint team not only assisted us through a complex transaction and a shift in the capital markets environment, but also went beyond expectations with respect to their detail-oriented approach and professionalism. I would endorse Blueprint to any health system seeking to exit the post-care acute and maximize value of a skilled nursing facility or portfolio.” - Jeff Graff | Chief Corporate Development Officer/SVP of AdventHealth