Blueprint’s competitive process ensures execution certainty for well-respected regional owner-operator
The 120-bed skilled nursing and long-term care facility in Erie, Pennsylvania is in a very competitive submarket and, prior to the pandemic, operating performance was steadily improving with rising census levels.
Following a strategic portfolio and market assessment, the facility was considered non-core to the company’s long-term growth plans and Blueprint was engaged to handle the marketing and sale process.
Blueprint established a highly competitive bidding environment among the six qualified prospects that presented formal offers, with the chosen acquirer an East Coast-based equity investor partnered with a regionally focused operator.
Throughout the sale process Blueprint was actively engaged with both buyer and seller by assisting with contract negotiations and due diligence, leading to another successful closing for the most active advisory firm in the space.