Jeff Rhodes, Bill Janis and Mario Wilson of Helios Healthcare Advisors arranged acquisition financing for a 120-bed skilled nursing facility in the Dallas metro area. This was the only operation for the current Texas-based operator, which is acquiring the facility from the out-of-state landlord.
Newly built in 2014, the facility maintained above average occupancy at the time of the sale. Helping its operations was its location in an affluent suburb near a handful of major hospitals. It also consistently achieves strong clinical ratings.
The Helios team arranged a $12.53 million bridge loan from a regional lender to help cover the $13.06 million, or $108,800 per bed, purchase price. That is well above the 2020 average skilled nursing price per bed of $79,700, according to the 26th Edition of The Senior Care Acquisition Report, which will be published this week. But the newer vintage of the facility, and its ideal location, can easily command that kind of price. It also far surpasses the average for SNF sales in the state of Texas from the last five years, which was $72,100 per bed. Those state-by-state statistics can also be found in the Report.
