Plains Commercial facilitated the sale of a skilled nursing facility on behalf of a not-for-profit seller looking to consolidate its operational footprint closer to its home office in Lubbock, Texas. The buyer is a Dallas-based owner/operator looking to grow its footprint.
Built in 1965, Senior Village Nursing Home comprises 60 licensed beds in the rural town of Perryton in the panhandle of Texas. At the time of sale the facility was struggling from low census with around 20 occupied beds, and it was cash flow negative.
The facility offers the buyer, Capstone Healthcare, significant upside through further lease-up and operational changes. Daniel Morris handled the transaction.
