A Midwest-based private equity firm sold a skilled nursing facility in Farmington, Missouri to a regional owner/operator based an hour away in St. Louis. Built in stages from 1982 to 2008, the facility has 97 beds, with a combination of private and semiprivate rooms. It also provides outpatient therapy in addition to in-house rehab and skilled nursing services. It was around 83% occupied in 2020, with a healthy 12% operating margin on over $6 million of Q4:2020 annualized revenues. The previous owner decided to capitalize on those strong financials to strategically divest the facility. Nick Cacciabando and Jeff Binder of Senior Living Investment Brokerage handled the transaction, which did not have a disclosed purchase price.
SLIB Facilitates SNF Transaction in Missouri
