Evans Senior Investments represented the seller of a 100-bed skilled nursing facility in New Mexico for an undisclosed amount. A Chicago-based skilled nursing facility owner bought the facility from a regional owner/operator based in Louisiana. The acquisition presented an opportunity for a new operator to grow its presence in New Mexico.
The facility, which was built in the late 1990s, is approximately 50 miles away from the nearest nursing home in New Mexico. Shortly before going to market, it experienced an outbreak of COVID-19, which led to the loss of over 25 residents and lowered occupancy to an all-time low of 46% (after averaging 93% in fiscal year 2019). However, census rose to 65% at the time of selling.
The price, although not disclosed, is reportedly a record in the state of New Mexico, on a per-bed basis. By comparison, the next-highest priced deal, according to our database, is around $105,000 per bed.
