Jeffrey Vegh and Joe Schiff of Forest Healthcare Properties handled two separate deals, one in Kentucky and one in Connecticut. First, in an off-market transaction, Forest facilitated the sale of a skilled nursing facility with 150 beds in Lexington, Kentucky. The facility had positive EBITDAR and cash flow at the time of the sale.
After receiving five written offers from regional and local groups, the ultimate emerging buyer was a repeat client of both Forest and the seller, a large private healthcare group with an existing footprint in the state. This was the seller’s only asset in Kentucky.
Next, Vegh and Schiff, in another off-market transaction, were engaged by a mom & pop to facilitate the sale of a 76-bed skilled nursing facility in Connecticut. This facility also had positive EBITDAR and cash flow at the time of the sale. The buyer was an operator of ALF’s and is familiar with Connecticut, but this was its first acquisition in the state.
