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Blueprint was chosen by Piedmont Healthcare, Inc., Georgia’s largest not-for-profit healthcare system, to advise and facilitate the sale of its three wholly owned skilled nursing facilities: Laurel Park at Henry Medical Center; Kentwood Extended Care; and Westwood Extended Care
Through its 2022 affiliation with University Health Care System, two skilled nursing and long-term care facilities serving the greater Augusta market, as well as Piedmont Augusta and Piedmont McDuffie hospitals, became part of the Piedmont system. Westwood in Evans is licensed for 149 beds and Kentwood in Augusta is licensed for 100 beds. Along with its 89-bed Laurel Park facility situated adjacent to Piedmont’s Henry Hospital in Stockbridge, which was managed by a third-party operator, the facilities were confidentially marketed as a portfolio
Blueprint’s tailored marketing campaign targeted in-state and out-of-of state investors and operators, generating seven competitive acquisition proposals at or above pricing guidance
Following multiple bidding rounds and comprehensive interviews, Piedmont selected PruittHealth, a prominent Georgia-based owner/operator and the incumbent manager of Laurel Park, as the ultimate acquirer. Working alongside all parties through each unique aspect of the transaction, Blueprint successfully closed the transaction to kick off its robust fourth quarter activity
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