Engaged by Ivy Healthcare Group, Evans Senior Investments facilitated the sale of a skilled nursing facility in Gastonia, North Carolina. Ivy at Gastonia comprises 50 beds and has a strong operational foundation. ESI secured a regional owner/operator as the buyer. The incoming operator is expected to benefit from a favorable reimbursement environment and the potential for further margin improvement through continued operational enhancements.
The deal progressed quickly. An LOI was signed just 20 days after going to market, and closing occurred within 45 days of contract execution, wrapping up the entire process in less than four months. Based on conversations with those involved and LevinPro LTC’s historical M&A data, we believe the price-per-bed was well above the national average.
