Andrew Montgomery of Montgomery Intermediary Group continues to show his strength in the Show Me State, closing another skilled nursing deal in Missouri. Featuring more than 100 beds and being an older vintage, the facility is located in a rural market. It was a geographic outlier for the seller, which wanted to focus in areas they had more of a presence. The facility came with an assumable loan but was under 50% occupied. So, it was marketed as a turnaround opportunity. The eventual buyer owns and operates facilities across the state and focuses more on a behavioral health SNF model.
MIG Closes Another Missouri SNF Transaction
