While Kindred Hallmark’s trailing twelve-month total revenues were approximately $6.8 Million, EBITDAR over the same period was marginal. As such, Blueprint attractively positioned the offering as a value play on a price-per-bed basis. By utilizing its extensive network of qualified investors and regional operators, Blueprint produced multiple competitive offers to acquire the facility. The Purchaser ultimately selected was a privately held, regional owner/operator eager to expand its regional footprint in the Northeast U.S. Despite the limited operational cash-flow at the property level, Blueprint sold the facility for $3,210,000, or $30,000 per bed.
Steve Thomes and Tim Cobb, along with Ben Firestone teamed up to execute the transaction.