Blueprint recently closed three transactions involving skilled nursing facilities. First, a legacy owner/operator engaged Connor Doherty and Ryan Kelly of Blueprint to facilitate the sale of a skilled nursing facility in Dayton, Ohio. Grafton Oaks comprises 99 beds and was cash flow negative at the time of sale. The seller was divesting their only asset to retire from the industry.
Blueprint targeted a select group of well-capitalized investors and regional operators with a strong understanding of skilled nursing operations and Ohio regulatory considerations. Multiple groups expressed interest with the ultimate buyer being an owner looking to expand its presence in Southwest Ohio. The transaction closed in less than 55 days following LOI acceptance.
Next, in a separate transaction, Doherty and Kelly, along with Michael Segal and Daniel Waldhorn, were engaged by Columbus Colony for Elderly Care Inc., a not-for-profit organization, in the divestment of its skilled nursing facility in Westerville serving the hearing and visually impaired community in the greater Columbus area.
The organization is one of only five organizations in the nation offering these specialty services to older adults. Columbus Colony was originally licensed for 150 beds but reduced its licensed capacity to 110 with an additional 11 beds being sold separately. As a 99-bed facility, Columbus Colony for Elderly Care was professionally managed by a leading provider of healthcare and senior living services.
There were several qualified prospective buyers with just two weeks of marketing commencement. The seller selected Ohio’s largest owner/operator for its commitment to continuing high-quality care services for the unique needs of the community. The deal closed within 75 days of offer acceptance, and before year-end to maintain existing reimbursement rates.
In another transaction, Doherty and Kelly closed a transaction on behalf of a Midwest-based group divesting two skilled nursing assets totaling 203 beds. The seller was seeking a well-capitalized buyer with the expertise to enhance operations while maintaining high-quality care. Blueprint targeted regional and national investors with existing operational scale in Ohio. The ultimate buyer was a Cleveland, Ohio-based group with an already established presence in the state.
