The Receiver was appointed in January 2024 and retained Hyper Care Management Solutions, LLC, a highly respected operator throughout the Midwest, to manage the day-to-day facility operations. In January 2025, the Stalking Horse was selected and contracts approved by the Court, after which Blueprint was approved to begin its direct marketing campaign to procure overbids from qualified acquirers.

Blueprint generated considerable market interest resulting in multiple qualified overbids, paving the way for a competitive and highly spirited auction in March 2025. The auction process yielded nearly $20 Million in additional gross sale proceeds above the Stalking Horse bid, a welcomed outcome by the Receiver and the various stakeholders, with Optalis Healthcare as the top bidder.

Working together with all parties and respective counsels, the portfolio was ultimately bifurcated with Optalis Healthcare acquiring seven (7) facility locations and the Stalking Horse acquiring four (4) facilities. The result was the best opportunity for the stakeholders to realize the highest value for the purchased assets and allowed for the highest degree of execution certainly throughout the sale process.

“This acquisition is a strategic step forward in our mission to expand access to high-quality care. By bringing these seven new locations into our network, we’re not just growing – we’re investing in the health of the communities we serve,” said Raj Patel, CEO. “We’re proud to welcome the dedicated teams at these locations into the Optalis family. Together, we’ll ensure that residents experience a smooth transition and continued excellence in care”. Optalis has now expanded to 41 locations in Michigan and Ohio including skilled nursing and assisted living and is now the fourth largest skilled nursing provider in Michigan.