Skilled Nursing and Assisted Living Portfolio Sale in Ohio

JULY 2022

Senwell Senior Investment Advisors was chosen by an Ohio operator to execute the sale of its SNF/AL portfolio consisting of four sites in Ohio. The seller had a desire to exit SNF and AL operations to focus on its fast-growing ancillary business (mainly hospice). The portfolio was cash flowing, however with recent Medicaid increases across all facilities in the transaction, and an influx in occupancy due to a nearby SNF closing, the opportunity presented additional upside already in place. Senwell’s efforts resulted in six attractive offers, leading to a sale price above the asking price. The seller and Senwell eventually chose a regional operator with several recent acquisitions in Ohio. Due diligence and closing was a smooth process due to both sides working incredibly well together. Thanks to this sale, they will continue to work together post-closing as hospice partners. Ben Bohland and Brandon Bohland facilitated the transaction.

 

LEAD ADVISORS:

Ben Bohland

Managing Partner
Phone: 419-464-7682
ben@senwelladvisors.com

Brandon Bohland

Managing Partner
Phone: 419-517-6477
brandon@senwelladvisors.com

JULY 2022

Senwell Senior Investment Advisors was chosen by an Ohio operator to execute the sale of its SNF/AL portfolio consisting of four sites in Ohio. The seller had a desire to exit SNF and AL operations to focus on its fast-growing ancillary business (mainly hospice). The portfolio was cash flowing, however with recent Medicaid increases across all facilities in the transaction, and an influx in occupancy due to a nearby SNF closing, the opportunity presented additional upside already in place. Senwell’s efforts resulted in six attractive offers, leading to a sale price above the asking price. The seller and Senwell eventually chose a regional operator with several recent acquisitions in Ohio. Due diligence and closing was a smooth process due to both sides working incredibly well together. Thanks to this sale, they will continue to work together post-closing as hospice partners. Ben Bohland and Brandon Bohland facilitated the transaction.

 

LEAD ADVISORS:

Ben Bohland

Managing Partner
Phone: 419-464-7682
ben@senwelladvisors.com

Brandon Bohland

Managing Partner
Phone: 419-517-6477
brandon@senwelladvisors.com

Other Results

SNF Bed License Transfer in Palm Beach, Florida

SNF Bed License Transfer in Palm Beach, Florida

In yet another testament to Senwell’s expertise and market adaptability, we are proud to announce the successful transfer of 90 skilled nursing facility (SNF) bed licenses in the highly competitive Palm Beach market. The client, a prominent hospital in the Palm Beach...

read more
Cincinnati, Ohio SNF Bed License Transfer

Cincinnati, Ohio SNF Bed License Transfer

Cincinnati, Ohio SNF Bed License TransferCincinnati, Ohio SNF Bed License TransferFebruary 2024In a remarkable display of market agility, Senwell demonstrated its substantial influence with a swift transaction in Cincinnati. Initially, the SNF bed licenses in question...

read more

 Stay Updated on the Newest Listings