The facility, a fixture in the local community, had been owned and operated by a local provider since 1989. Blueprint was engaged to identify a reputable buyer with a focus on delivering high-quality care.
At the time of sale, Birch Manor was 92% occupied with a 20% quality payor mix and boasted revenues of approximately $5.5 million. Blueprint attractively positioned the offering as a value-add opportunity and was able to pinpoint a highly-experienced regional operator eager to acquire the facility and expand its presence in the State. Through consistent communication and collaboration, Blueprint was able to effectively assist the seller and buyer towards a successfully closed transaction.
The ultimate purchase price of the facility was $3,850,000, or $56,618 per bed.
Steve Thomes and Tim Cobb teamed up to execute the transaction.