Blueprint was engaged by Birchwood Healthcare Partners, a Chicago-based private investor and owner/operator, in its sale of its eastern Oklahoma skilled nursing portfolio. The regionally clustered portfolio comprises seven facilities that total 561 beds. It benefited from the recent Medicaid rate increases and steady census rebounds. There was attractive assumable HUD debt on select facilities, and improved performance tracking towards historical highs.
The marketing process resulted in multiple competing offers and rounds of bidding. Birchwood selected a familiar Missouri-based provider as the ultimate buyer. There were bifurcated closings upon final HUD approval for the loan assumptions. Michael Segal, Ben Firestone and Daniel Waldhorn handled the transaction.
