Sale of Two SNFs in Central Massachusetts
Blueprint closes another New England skilled nursing sale as market leading transactional activity continues
Located 30 minutes apart in Leominster and Gardner, Keystone Center and Wachusett Manor are licensed for 106 and 96 beds, respectively. The facilities are well-maintained and rated as 5-stars and 4-stars overall by the CMS.
Acquired as part of a larger portfolio transaction in 2016, the private equity owner and its operator partner decided to pursue a strategic exit and engage Blueprint.
Blueprint’s direct marketing process quickly identified a qualified in-state ownership group and its operating partner with a strong desire to expand in the north central region of Massachusetts.
While the transaction was structured prior to the onset of the COVID-19 pandemic, Blueprint worked collaboratively with all groups to keep it on course and successfully close upon receipt of licensure and change of ownership approval without adjustment or delay.