Blueprint Healthcare Real Estate Advisors has developed an affinity for the Texas senior care M&A market, closing six transactions in the state in the last year, including as recently as January, when the firm closed the sale of a 120-bed skilled nursing facility in Whitehouse for $6.42 million, or $53,500 per bed. Now, hired to help a large company divest what it viewed as non-core asset, Tim Cobb and Ben Firestone of Blueprint arranged the sale of a 75-unit/141-bed skilled nursing facility in San Antonio. Included on the campus was a 17-bed assisted living unit, but the facility was struggling operationally, with just a 34% census at the time of the sale. The Ensign Group was the buyer, bringing its portfolio to 211 healthcare facilities, 51 of which are owned. Its operating subsidiary in Texas, Keystone Healthcare LLC, will take over management at the property, which only has room for improvement.
Another Texas Transaction for Blueprint Healthcare Real Estate Advisors
