Little SNFs on the Prairie
Sale of Iowa Skilled Nursing Portfolio
Blueprint is pleased to announce the successful sale of the Iowa Skilled Nursing Portfolio, which included six facilities totaling 273 dually-certified beds. Blueprint conducted an exclusive and confidential sales process on behalf of a local owner-operator that sought to retire after spending 20+ years building the Signature Care platform.
The portfolio was positioned as a unique opportunity for an incoming investor/operator to strategically develop a new regional operating platform, or expand on an already existing one.
Further, the Portfolio presented an opportunity to capitalize on clear and identifiable operational upside at each facility.
At the time of sale the Portfolio was 52% occupied, had a quality payor mix of approximately 41%, and generated Total Revenues and EBITDAR of $8,640,000 and $350,000, respectively.