After being announced earlier this year, the sale of an 83-bed skilled nursing facility in Jaffrey, New Hampshire has closed thanks to Toby Siefert and Nick Cacciabando of Senior Living Investment Brokerage. Originally built in 1976, this facility is only budgeted and staffed for a functional occupancy of 55 beds. That was the choice of the seller, not-for-profit Catholic Charities New Hampshire.
Based on those 55 beds, occupancy was just 84%. On top of that, it was losing nearly $400,000 in EBITDAR on over $5.05 million of revenues.
The new owner, New York-based MED Healthcare Partners, plans on increasing the census and staffing to utilize more of the licensed beds.
