A small skilled nursing facility in Minnesota found a new owner thanks to the team at Evans Senior Investments. Built more than 60 years ago, Rochester West Health Services has 48 beds and was previously owned by an institutional group, GPH Rochester LLC, an affiliate of Fort Smith, Arkansas-based REIT Cuarzo Healthcare Capital. That seller wished to execute on a divestment as part of its capital redeployment strategy.
The sale process generated significant interest before Eden Senior Care, a regional owner/operator with an existing footprint in Minnesota, bought the facility for $1.5 million, or $31,250 per bed. Occupancy was in the 60s, so the buyer saw an opportunity to improve census and overall operations. The facility was renamed Edenbrook Rochester West.
