Patrick Byrne has sold a 60 Bed Intermediate Care Facility in Southern Illinois owned by a local hospital. The building had negative cash flow due to the employee benefits package and the lack of Medicare certification. In an effort to shield the hospital from further losses, Senior Living worked with the winning bidder to take over operations almost immediately. The new operator was able to obtain Medicare certification and convert the building to a skilled facility prior to close of escrow. The new owner inherits a facility with a strong census a good referal source in the Seller. For additional information, please contact Patrick Byrne at 314/961-0700 or byrne@seniorlivingbrokerage.com
