Helios Healthcare Advisors announced the sale of a 144-bed skilled nursing facility in Wrentham, Massachusetts. Maples Rehabilitation and Nursing Center was a family-run skilled nursing and a 29-bed early education daycare center in operation for the past 60 years. However, the original family that founded Maples in 1963 decided to exit the industry. Some of the largest owner/operators and investors in New England looked at the facility, but Southborough, Massachusetts-based Alliance Health and Human Services was selected as the buyer.
At the time of transaction Maple’s occupancy was at 95% with a quality mix above 40%. The transaction process involved three different licensure transfers/approvals, including the SNF license, day care center, and a DEP wastewater treatment license assignment. There was also an existing HUD loan on the facility, adding to the deal’s complexity.
