Jeffrey Vegh and Joe Schiff of Forest Healthcare Properties, a boutique off-market brokerage firm, were brought on by a mom & pop to sell two, five-star skilled nursing facilities located in Danbury, Connecticut. Built in 1947 and rebuilt in 1994, Filosa Nursing Home and Rehabilitation Center comprises 64 beds. Hancock Hall was built in 1984 with an additional wing added in 2001 and it encompasses 96 beds with 22 private rooms. Both facilities were 95% occupied with strong EBITDAR at the time of marketing. The seller owned and operated the facilities for over 30 years, ultimately choosing to divest and exit the sector, as these were their only SNFs. Meanwhile, the new owner has facilities in other East Coast states. The purchase price was not disclosed, but the buyer worked with Neil Gamss and Isaac Haas of Meridian Capital Group to obtain acquisition financing for the deal.
A Mom & Pop Divest Two SNFs
