Riding the wave of momentum from a recently completed successful transaction in the same regional Ohio marketplace, Blueprint was engaged by a well-respected Ohio owner-operator seeking to divest of an underperforming, non-core asset. Ultimately, Blueprint introduced a high-acuity operator to a national skilled nursing investor, which made an ideal partnership to purchase the Mahoning County facility.
The subject facility was 80% occupied with a 23% quality payor mix and generated approximately $4,200,000 in annual revenues at time of the transaction. Blueprint’s exclusive sales process yielded a $4,200,000 purchase price, or approximately $68,000 per licensed bed. The incoming operator plans to focus on higher-acuity resident admissions to drive revenue and cash flow.
Jacob Gehl and Connor Doherty executed the transaction.