Nick Stahler and Hap Knowles of The Knapp-Stahler Group followed up on the firm’s busy end of August with the closing of a behavioral health/skilled nursing facility sale in Arizona. Built in 1966, the 144-bed facility sold for $17.2 million, or around $120,000 per bed, to a local owner/operator with an established presence in Arizona. The seller was a nationwide real estate partnership. At the time of sale, the 100% Medicaid facility served only behavioral health patients, reporting a 36% operating margin on $12.6 million of revenues with just 72% occupancy.
