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Mississnfi

Mississippi Skilled Nursing Portfolio Sold
Blueprint leverages unprecedented Southeast marketing and sale activity to successfully complete portfolio sale transaction
Blueprint was engaged by a New York-based investment firm to conduct a marketing process and facilitate the sale of three skilled nursing and long-term care facilities in Mississippi with 340 total licensed beds following the operator’s recent bankruptcy filing

Overall census had declined throughout the ongoing pandemic and leveled out in late 2021 around 70%, but the facilities continued to generate positive EBITDAR. With Medicaid rates temporarily frozen, the facilities were poised for improved reimbursement revenue once 80% occupancy is reached and surpassed, ultimately boosting consolidated cash flows

Leveraging its extensive regional marketing activity, Blueprint’s expedited process yielded multiple written offers from in-state owner-operators, regional providers, and industry investors in just three weeks

DAC Acquisitions, LLC was selected as the buyer for its superior pricing and existing presence in the state through its recent acquisition of Diversicare, a Tennessee-based regional provider which grew its presence in the State of Mississippi to 12 total locations

Michael Segal

Lauren Nagle

Ben Firestone