Big Yield Upside - Idaho
Sale of 119-bed skilled nursing facility in Idaho
Blueprint is pleased to announce the successful sale of Rexburg Care Center, a 119-bed skilled nursing facility in Rexburg, Idaho. Blueprint executed the transaction on behalf of a publicly traded REIT and its operating partner that sought to reduce its footprint in the state.
Rexburg Care Center is a 5-Star CMS rated skilled nursing facility situated adjacent to Brigham Young University-Idaho and less than one and a half miles from the nearest regional hospital.
With only one local competitor and the facility’s participation in the state’s Upper Payment Limit (UPL) supplemental payment program, Rexburg Care Center produced positive and increasing cash flow year-over-year, however, census remained at relatively low levels compared to industry averages.