Put to Bedford
Blueprint is pleased to announce the successful sale of Southeast Massachusetts Health & Rehabilitation Center, a 123-bed skilled nursing facility located in New Bedford, Massachusetts. Blueprint conducted an exclusive and confidential marketing process on behalf of the seller, a national owner based out of New York.

At the time of sale, the downtown adjacent New Bedford facility was 79% occupied with revenues totaling more than $6.7 million. A competitive sales process resulted in several qualified offers from both skilled nursing operators in the region and investors nationwide.

Blueprint stayed in close communication with its client while working diligently to effectively position the asset, structure the agreement, and close the transaction. The facility was acquired by a regional owner/operator with a notable presence in the eastern part of the state. The purchase price was $4,000,000 and was equal to approximately $32,500 per licensed bed.

Steve Thomes and Christopher Hyldahl were the lead advisors on the transaction.

Steve Thomes
Senior Managing Director & Head of Business Development
Christopher Hyldahl
Executive Managing Director & Co-Founder