Blueprint executed the final sale facilitating Samaritas’ exit from the senior care industry. Following 50 years of providing senior care services, the company has a renewed focus on child and family services, behavioral health, refugee services and affordable housing.
Built in 1964 with an expansion completed in the 1970s, and a full renovation and rehab addition in 2012, Samaritas Senior Living Cadillac comprises 107 skilled nursing beds and 24 memory care beds in Cadillac, Michigan. The senior care facility features 31 private rooms and 50 semi-private rooms, and is less than one mile from the Munson Healthcare Cadillac Hospital. Historically, the facility generated stabilized margins, however, census declined during the pandemic leading ownership to take some beds offline.
Michael Segal, Connor Doherty, Ryan Kelly and Daniel Waldhorn handled the transaction, receiving multiple competing offers. Ultimately, a prominent Michigan-based skilled nursing provider was selected as the buyer, and this will be its northernmost location in the state. There was also an assumable HUD loan.
