The two Florida facilities are situated along the Gulf Coast and built in 2008 and 1988. At the time of marketing, the near stabilized facilities were both well occupied, with attractive quality payor mixes, further supported by the state-implemented Medicaid reimbursement rate increases effective October 2024.

Blueprint’s direct marketing efforts initially yielded 12 highly competitive offers from acquirers based across the country eager to expand or establish its footprint in the Florida market. Following multiple rounds of bidding, a New Jersey-based owner/operator with a considerable presence in central and coastal Florida was selected as the winning bidder.

Blueprint worked proactively and collaboratively with all sides to ensure transaction documentation and due diligence was completed on a tight timeline, ultimately facilitating a smooth transition and transaction, closing ahead of schedule to the benefit of all parties involved.