Evans Senior Investments was engaged by a regional owner in a partnership with the University of Michigan Health-West Hospital to facilitate the sale of a skilled nursing facility in Wyoming, Michigan. Opened nearly 10 years ago, Healthbridge Post Acute comprises 65 beds and was experiencing operational challenges, including an annual net operating income loss exceeding $1 million.
Recognizing significant upside potential on both the revenue and expense side, ESI implemented a competitive two-week marketing process, which generated substantial interest. A regional owner/operator whose capabilities align with the seller’s long-term objectives was selected as the buyer, for an undisclosed price.
