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Blueprint Delivers Optimal Outcome

SENIORS HOUSING
SKILLED NURSING
Blueprint advises prominent local non-profit on strategic sale of healthcare campus
Following an affiliation with a fellow non-profit, Montefiore, in July 2020, the sprawling campus totaled 588 licensed skilled nursing beds, 288 assisted living and memory care units, and 193 independent living units with an Aquatic and Therapy Center and assorted ancillary amenities
Facing challenges due to increased healthcare staffing and a shift in competitive landscapes, the not-for-profit board elected to enlist Blueprint to represent the campus for sale based on its intimate knowledge of the active buyer market. The highly competitive process, coupled with previously announced Ohio Skilled Nursing Medicaid Rate increase, resulted in six acquisition proposals from qualified regional and national owner-operators, as well as several private equity investors
Following site tours, interviews, and a final round of bidding, the board favored Outcome Healthcare, a New Jersey-based owner-operator, as the selected buyer for its reputation and eagerness to continue serving the greater Cleveland Jewish community through mission and religious programming at Menorah Park. Blueprint actively guided all parties throughout the entire transaction process, creatively navigating market headwinds caused by the current interest rate environment to a successful closing

Michael Segal
Executive Managing Director
Seniors Housing & Care

Ryan Kelly
Managing Director
Seniors Housing & Care

Ben Firestone
Chief Executive Officer
& Co-Founder

Connor Doherty
Executive Managing Director
Seniors Housing & Care

Kory Buzin
Managing Director
Seniors Housing & Care
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