The portfolio featured 5-star and 4-star CMS rated skilled nursing facilities, and presented a highly-attractive opportunity for a regional-based owner/operator to achieve immediate scale with attainable value-add operational upside while capitalizing on the strong referral relationships via Ballad Health's broader acute care health system an integral component to Blueprint's marketing approach.

Given the portfolio's long-standing history under Ballad Health's ownership, Blueprint's mission was not only to procure the best and highest pricing, but also to identify an incoming operating partner that can build on and continue the non-profit's mission as one of the market leaders throughout the region.

Following an extensive marketing process, Blueprint procured multiple competitive offers from a variety of investor profiles. After careful consideration, the seller ultimately selected Ahava Healthcare, a New York-based owner/operator with meaningful existing scale in the Tennessee market. Ahava was carefully selected for its unique, patient-centric approach delivering quality care and its ability to transact and transition this regional portfolio.

"Blueprint helped us find a partner that aligns with our mission and commitment to quality care. They helped us navigate a complex process with clarity and precision, ultimately leading us to Ahava Healthcare, which brings the expertise and focus these facilities deserve,” said Marvin Eichorn, Executive Vice President and Chief Administrative Officer at Ballad Health. “Through this joint venture, Ballad Health retains a role in ensuring continued excellence for our communities."

Blueprint worked closely with all parties to create transactional alignment and establish a thoughtful and ongoing, post-closing relationship between the new operator and Ballad Health. Upon closing, the seller and buyer entered into a new Joint Venture relationship with the seller retaining a minority share in the portfolio.