Blueprint completes another strategic portfolio sale amid ongoing industry volatility
Situated in Northwest Ohio, with one facility located Southeast of Columbus, the five facilities were originally built throughout the 1980s and 1990s and had recently struggled with occupancy across the portfolio.
Acquired as part of a larger portfolio transaction in 2017, the private equity owner and its operating partner decided to pursue a strategic exit and engage Blueprint for their skilled nursing disposition expertise.
Blueprint’s concise and competitive marketing process yielded a total of four offers and the ultimate buyer selected was an Ohio-based regional owner-operator looking to capitalize on the previously announced Ohio Medicaid Rate increase.
Working closely with all parties through extraordinary operational challenges resulting from the pandemic, Blueprint ushered the transaction to a successful close with a well-coordinated transitional handoff to the new operator.