DONE DEAL:
Take It to the Riverbank
Take It to the Riverbank
Blueprint is pleased to announce the successful sale of Riverbank Nursing Center, a 99-bed skilled nursing facility located in Riverbank, California. As a result of a strategic marketing process, a competitive bidding environment was formed and Blueprint negotiated an all cash list price offer of $6,000,000. The negotiated terms included an immediate nonrefundable deposit of $1,000,000 and a 10 day period for the locally based buyer to conduct due diligence and close.
At the time of sale, total revenue and EBITDA were approximately $5,700,000 and $240,000, respectively. The unit mix consisted of 3 privates, 15 semi-privates, and 22 three-bed rooms. The offering was positioned as a value-add opportunity in an underserved market and drew attention from both regional and national owner-operators. The transaction closed as required by the negotiated terms just 10 days following offer acceptance by the seller.
Christopher Hyldahl was the lead advisor on the transaction and was supported by Gideon Orion.
LEAD ADVISORS
Christopher Hyldahl