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Benedictine Living Community – Wausau, founded in 1980 by the Diocese of La Crosse and acquired by Benedictine in 2012, consists of 82 licensed skilled nursing and long-term care beds.
Upon responding to Benedictine’s RFP for brokers services, Blueprint was chosen to conduct a targeted marketing campaign and sale process.
Positioning the value-add offering with distinct and material paths to upside, Blueprint marketed the offering to non-profit and for-profit providers procuring five competitive offers from for-profit investors, owner/operators, and REITs.
The Ensign Group, a California-based publicly traded REIT (Nasdaq: ENSG), was ultimately selected as the buyer and has rebranded the community as Wood Aven Health and Rehabilitation.
Blueprint worked collaboratively with all groups to keep the transaction on track and successfully close upon receipt of licensure and change of ownership approval.
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