Ryan Saul has sold 50 Certificate of Need (CON) Beds in Ohio. The Seller was looking to retire from the business and this was the only property he owned. Because the facility was originally constructed in 1897 as a hospital and renovated in 1945, it was functionally obsolete. Therefore, Senior Living Investment Brokerage, Inc. was able to sell the beds and the owner donated the vacant building to a not-for-profit for the tax benefit. The Buyer is a regional owner/operator with 8 facilities in Western Ohio. This was a strategic acquisition as they are focused on growing their regional company. The Buyer plans on building a campus nearby that includes assisted living and skilled nursing. For additional information, please contact Ryan Saul at email@example.com or 630/858-2501. Congratulations Harry and enjoy your retirement.
Matt Alley has sold a 56 bed Medicaid Certificate of Need in Texas. The buyer is a developer located in East Texas with several facilities in Texas. The buyer will benefit from the additional Medicaid beds that the state issues when a new facility is built. For additional information please contact Matthew Alley at firstname.lastname@example.org or 630/858-2501
Ryan Saul and Matthew Alley have sold 3 Skilled Nursing Facilities in Texas, The facilities combined for a total of 337 beds. They were operated by a regional operator based in San Antonio and owned by a trust. The Buyer is a publicly traded owner/operator with other facilities in Texas. The properties are older (one built in 1940 while the other two were built in the 1970’s) and the new owner will invest in the communities and hope to increase cash flow by improving operating efficiencies. There is also room for improvement in census at two of the facilities. For additional information, please contact Matt or Ryan at 630/858-2501.
Senior Living Investment Brokerage was one of the lead sponsors for the 2nd Annual Youth Football Clinic for Africa New Life. The clinic was formed to raise funds for providing water at a building in Kageyo, Rwanda. The clinic raised over $5,000 for Africa New Life (http://www.africanewlife.org/).
Please see the following link to an article on the clinic. http://www.dailyherald.com/article/20130515/sports/705159755/
Thank you Senior Living for your support.