Two Is Better Than One
Sale of Two Skilled Nursing Facilities located in North Central and East Texas
Blueprint is pleased to announce the successful sale of two Skilled Nursing Facilities located in North Central and East Texas along the I-20 Corridor. The offering consisted of 235 dually-certified beds and Blueprint conducted an exclusive sales process on behalf of the seller, a national owner/operator based out of New York.
The targeted and confidential marketing campaign positioned the assets as value-add opportunities, with achievable upside through improvement to census, quality mix, and operational efficiencies.
In spite of uncertainty surrounding the state’s Minimum Payment Amount Program (MPAP), Blueprint was able to attain maximum value for its client and facilitate a successful closing in less than 60-days from LOI execution.
The facilities were acquired by a regional owner/operator who agreed that two was better than one. The combined purchase price of $10,000,000 was equal to approximately $42,500 per licensed bed.