Blueprint conducted a strategic and targeted marketing campaign on behalf of the seller, an established Ohio-based owner-operator. Ownership retained Blueprint to manage the process to divest the two assets, each with neutral cash flow. Blueprint maximized the trade for the seller through its depth of relationships with qualified purchasers focused on growing within the regional marketplace. The process resulted in several competitive offers and, ultimately, Blueprint drew the greatest motivation from an Ohio-based owner-operator. The sale allows the ownership group to reinvest into existing operations and position the company for continued success within the space.
The purchase price was $16,750,000 representing $66,468 per bed.
Connor Doherty and Brian Payant were lead advisors on the transaction.