Evans Senior Investments facilitated the sale of a skilled nursing facility in western Missouri. The seller was an independent owner/operator looking to exit the industry. Built in 1987, the facility comprises 199 beds across 4.4 acres. At the time of marketing, it faced several operational challenges, including a 2-star CMS rating, 54% occupancy and negative cash flows.
ESI ran a competitive marketing process, targeting a select group of qualified buyers. During the process, ESI navigated the Right of First Refusal held by the existing operator. By bringing in a new buyer, a regional owner/operator with an existing presence in the state, the asset was able to sell at a competitive market price. The buyer will be able to leverage operational synergies and local relationships to restore the facility.
