Central Michigan SNF
Sale of 157-bed skilled nursing facility in Central Michigan
Blueprint is pleased to announce the successful sale of a 157-bed skilled nursing facility located in an affluent market in Central Michigan. The facility is currently home to the largest ventilator care program in the State of Michigan.
The timing of the offering and the transaction was opportune as regulatory issues encountered by the facility in the prior year were resolved and there was a positive trajectory in financial performance tied to the ensuing operational turnaround primarily due to the highly successful expansion of the ventilator and tracheotomy program.
On a forward-looking basis, the facility was projected to produce in excess of $18,000,000 and $1,000,000 in Total Revenue and EBITDAR, respectively.