DONE DEAL:
Blueprint Strikes Lightning
Blueprint is pleased to announce the successful sale of the Lightning Portfolio, an eight-property skilled nursing offering in southeast Pennsylvania. The seller sought to divest of the non-core assets, which featured a concentration of extreme barrier-to-entry locations in the Philadelphia area, and engaged Blueprint for its expertise in maximizing value on portfolio transactions.

The portfolio consisted of 1,050 beds with select facilities offering high-acuity, specialty care. Blueprint’s marketing campaign highlighted the offering’s attractive per patient day rates and untapped upside by optimizing the facilities’ case mix reimbursements in light of Pennsylvania’s upcoming systematic changes. The highly-effective process resulted in eight initial offers from both investors and regional operators. A fiercely competitive final round of bidding ensued, and Blueprint succeeded in placing upward pressure on the portfolio’s per-bed valuation.

Blueprint’s negotiation and buyer selection process delivered striking transaction proceeds balanced with execution certainty. The selected buyer was a regional owner-operator poised for growth and expansion. Blueprint advised its client and assisted the existing operator through every step of the process, guiding the transaction to a timely closing.

The transaction was handled by Ben Firestone, Christopher Hyldahl, Michael Segal, and Gideon Orion.

LEAD ADVISORS
Ben Firestone
Senior Managing Director, Founding Partner
(312) 300-4000
bfirestone@blueprintHCRE.com
Christopher Hyldahl
Senior Managing Director, Founding Partner
(310) 893-7181
chyldahl@blueprintHCRE.com
Michael Segal
Managing Director
(312) 300-4137
msegal@blueprintHCRE.com
Gideon Orion
Managing Director
(310) 893-7183
gorion@blueprintHCRE.com