Blueprint Gave ‘em the Heater!
Blueprint runs confidential off-market process and brings private equity buyer to close
Located in Cleveland near John Carroll University, the 120-bed skilled nursing facility was built in the 1960s and thoroughly renovated in the 1990s
The asset was strategically identified for disposition as it did not fit within the seller’s core operating model
Blueprint leveraged its intimate knowledge of active owner-operators to run a highly targeted marketing process, approaching just one group with interest
Blueprint was aware that the historically stable cash-flow and the opportunity to create value through higher acuity care was appealing to the buyer, a seasoned private equity owner-operator based in New York with a strong presence in the local market
Blueprint remained heavily engaged throughout the closing process by facilitating due diligence and assisting the seller with the negotiation of deal terms, ultimately exceeding seller’s pricing expectations