Smaller owner/operators are continuing to exit the skilled nursing market, and it’s no wonder considering the increased complexity of the sector, rising labor costs and stagnant Medicaid rates. As such, another family operator looking to retire sold its facility in Brinkley, Arkansas with the help of Daniel Geraghty and Bradley Clousing of Senior Living Investment Brokerage.
The same family has owned and operated the 116-bed facility since its inception in 1962. Called Cla-Cliff Nursing and Rehabilitation Center, it is situated in between Little Rock and Memphis, along I-40. Occupancy was 44%, so the new regional owner will look to use its expanding footprint to help improve operations. They paid an undisclosed sum for the facility.
