Blueprint’s tailored marketing process successfully resulted in multiple completive offers from qualified investors and operators. At the time of sale, trailing twelve-month operational performance represented $9,000,000 and $250,000 in Gross Revenue and EBITDAR, respectively. The average census over the same period was 80% with a Quality Mix of approximately 25%. Blueprint effectively convinced the prevailing bidder, a Florida-based owner-operator, that substantial value could be unlocked. As the most active advisor in the industry, Blueprint argued that by utilizing the purchaser’s regional network and efficiencies, it would be able to alleviate several challenges translating to greater revenue and an increased operating margin. The ultimate deal Blueprint structured included a well-above market transaction timeframe and an all-cash deal without financing.
The purchase price was $9,345,000, or approximately $78,000 per licensed bed.
Trent Gherardini, Ben Firestone and Christopher Hyldahl structured the transaction.