Jack Osteen of Sherman & Roylance facilitated the sale of two skilled nursing facilities comprising 252 total beds in South Carolina. The facilities were previously marketed by a different brokerage firm in 2021.
Built around 1980 and renovated in 1998, one of the facilities is in Florence and comprises 132 beds with an occupancy rate of over 75%. Built in 2008, the second facility is in Cheraw and features 120 beds with an occupancy rate of over 90%.
The seller was a mom & pop with a 50-year history in South Carolina’s nursing care sector. The buyer is a leading operator with a growing presence in the Western United States. The deal was financed through private international investors. The purchase price was not disclosed, however it was noted to be a multimillion-dollar deal
