Senwell Senior Investment Advisors facilitated two separate transactions involving the assisted living and skilled nursing components of a senior care campus in Mansfield, Ohio. The seller, a local not-for-profit, faced significant operational and financial challenges, prompting an urgent need for a transition. Senwell was engaged to identify solutions that would preserve resident care and avoid closure. Despite limited financial and operational information available, partners were identified for both assets.
The assisted living community was sold to a regional assisted living operator specializing in Medicaid Waiver programs that intends to reposition the entire campus to serve waiver residents. Separately, a regional skilled nursing operator entered into a management agreement for the skilled nursing facility, with a full acquisition that came three months later. The skilled nursing buyer had stepped in to stabilize operations. Ben Bohland and Collin Hempfling handled the deals.
