Monthly Archives: June 2010

June 22, 2010
Grant Kief

Ryan Saul and Jeff Binder Sell Indiana Independent Living Facility

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Jeff Binder and Ryan Saul have announced the sale of a 54 unit Independent Living Facility in Indiana. Originally developed in 2000 by a local hospital, the facility has been operated by a local nonprofit board since 2007. The management team was able to improve operations over the past 3 years and hired Senior Living Investment Brokerage, Inc. to sell the facility. At closing, the census was 100% with a waiting list. The Buyers plan on applying to license the facility for Assisted Living and also expand the facility to provide Skilled Nursing.
For additional information, please contact Ryan Saul or Jeff Binder.

June 16, 2010
Grant Kief

Matthew Alley Closes on Texas Nursing Home

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Matt Alley sold a 70 bed Skilled Nursing Facility June 2, 2010. The facility was owned and operated by a local family. All 70 beds are dually certified for Medicaid and Medicare residents. The facility had negative cash flow and the new owner expects to take advantage of the positive revenue base through cutting expenses and increasing census. The Buyer is a promineent real estate owner from California that owns several facilities in Texas. The new owner intends to lease the facility to a regional operator out of Houston.
For additional information, please contact Matt at 630/858-2501 or alley@seniorlivingbrokerage.com