Ryan Saul has sold a 150 bed Skilled Nursing Facility for a not-for-profit hospital organization. Ryan was able to secure a Buyer that not only met the mission and operational values of the Seller, but was also financially qualified to complete the transaction. This was the only long-term care facility the hospital system owned. Although the census was strong, the facility’s heavy expenses more closely resembled a hospital resulting in a large operating loss. The Buyer is a regional owner/operator which utilized Sabra REIT for the acquisition. The Buyer is an experienced Connecticut operator and specializes in turn-around opportunities. The census at sale was 90% with a 37% quality mix. For additional information, please contact Ryan Saul at 630/858-2501 or ryansaul@slibinc.com
