Andrew Montgomery of Montgomery Intermediary Group closed another two transactions, continuing an active 2025 for the firm. First, Montgomery took on the sale of a 120-bed skilled nursing facility in southern Illinois. Built in 1990, the property was well maintained and located in a growing market, but after years of stewardship, the previous owner decided it was time to move on. Montgomery sourced the buyer, a large group teamed with a growing local sponsor. All parties worked swiftly to meet a tight April 1 deadline, with the LOI signed barely over two months before closing.
Montgomery next sold a 130+ bed skilled nursing facility in the St. Louis, Missouri area. Featuring a four-star rating and a good local reputation, the 1960s-vintage facility was held back by lower Medicaid rates and low occupancy. Despite that, the retiring owner/operator had built a profitable asset. They received a few strong offers, ultimately landing with a Missouri-based family business group eager to grow. The buyer’s familiarity with the psych resident base made them a perfect fit, sealing the deal.
