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Located in Center Point and Jonesville, Louisiana, the cash-flowing two-property bundle consisted of 244 licensed skilled nursing beds performing at stable levels. Following the state of Louisiana’s rebasing of Medicaid rates that went into effect on July 1, 2023, consolidated EBITDAR across the two assets reached $3M
CommCare, a Louisiana based nonprofit organization, selected Blueprint to run a targeted, off-market process. Blueprint leveraged its network and boots on the ground expertise to procure offers from nearly half of the reviewing groups
Omega Healthcare REIT alongside their operator, Venza Care, was ultimately selected by CommCare as purchaser. All parties worked expeditiously to execute contracts and complete the due diligence review. The all-cash transaction closed within two months of letter of intent execution
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