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Blueprint was engaged by the Debtor and approved by the United States Bankruptcy Court of Eastern New York District to run a comprehensive and efficient marketing and sale process for the real estate of a skilled nursing facility located outside of Yakima. Arcadia Medical Resort of Parkside is licensed for 88 beds and provides long-term care, rehabilitation, and therapy services.
Arcadia Medical Resort of Parkside was constructed in 1972 in a predominantly residential area as the only licensed facility in Union Gap, Washington. At the time of initial marketing, the facility had relatively low census and star ratings; however, the facility maintained positive cash flow, due in part to its contractual Medicaid reimbursement rate which exceeded $400/day.
Blueprint first procured a Stalking Horse bid acceptable to the Debtor, which was approved by the Court in July 2025 subject to an auction sale. Thereafter, and according to the bidding procedures, Blueprint’s marketing efforts for qualified overbids focused on procuring competitive offers to acquire the facility free-and-clear. Blueprint generated considerable market interest resulting in qualified overbids to participate in the auction.
Following the auction and pursuant to the Judge’s final Sale Order, Blueprint worked diligently alongside all parties, including the winning bidder, to close the transaction and transfer operations effective February 1st. The facility traded for a per bed price in excess of $100,000.
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