Blueprint was engaged by CommCare, a Louisiana-based not-for-profit organization, in its divestment of two skilled nursing facilities in Center Point and Jonesville, Louisiana. Together, the two SNFs comprise 244 licensed beds, and they were performing at stable levels. The facilities were cash-flowing and following Louisiana’s rebasing of Medicaid rates that went into effect on July 1, 2023, consolidated EBITDAR across the two assets reached $3.0 million.
Brooks Blackmon and Lauren Nagle of Blueprint handled the transaction, procuring offers from almost half of the reviewing groups. The buyer ultimately was a joint venture between Omega Healthcare Investors and Venza Care, Omega’s operating partner. The all-cash transaction closed within two months of LOI execution. No other details were disclosed.
