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Connecti-Cut a Deal

Blueprint successfully advises long-time owner to exit skilled nursing industry leaving a legacy of care and compassion
Branford Hills Healthcare Center, a 190-bed skilled nursing facility with in-house pharmacy, located in Branford, Connecticut had been owned and operated by the Shelton Family since its construction in 1980
Expanded in 1991, the highly-regarded facility sat on over 10 acres in Branford, Connecticut and benefitted from its proximity to referral sources in New Haven County, specifically Yale-New Haven Hospital

Exhibiting historical occupancy in excess of 94%, and revenues in excess of $20 million, the facility struggled amid the COVID-19 pandemic; however, the exiting owner remained resilient and sustained the community on a forward trajectory leading up to the sale

Blueprint implemented an extremely confidential and competitive process, approaching only 10 total groups, ultimately procuring five highly competitive offers

The buyer, a Connecticut-based owner-operator, plans to make improvements to the physical plant and continue to build census and stabilize staffing within the facility

The transaction closed on June 30, 2022

Ben Firestone

Steve Thomes