September 2024

Senwell Senior Investment Advisors is proud to announce the successful sale of Silver Bluff, a comprehensive skilled nursing and assisted living campus located within the Asheville, NC MSA. This transaction exemplifies the value of a strategic approach in the marketing and sale of senior care facilities.

Silver Bluff, which had been in the seller’s family for decades, includes 111 skilled nursing beds and 13 assisted living beds within a total of 124 licensed beds. Additionally, the campus offers 20 multi-unit assisted housing beds with services and is supported by ancillary properties such as residential duplexes and essential services facilities. The expansive 11.7-acre campus provides a full spectrum of care to meet the needs of its residents, with a focus on both long-term and short-term rehabilitation services.

After trying to sell the facility independently and facing significant challenges, the Senwell team worked with the seller to reframe how Silver Bluff was presented to the market, emphasizing its diverse care offerings and future growth potential. This strategic approach generated 11 competitive offers, ultimately increasing the transaction value by over 35% compared to the seller’s initial efforts.

The selected buyer is a well-known operator in North Carolina, who recognized the strategic value of Silver Bluff. Senwell guided the seller through every step of the transition to ensure that the facility’s staff and patients were well taken care of during the ownership change.

With recent Medicaid rate increases and a growing senior population in the Asheville, NC MSA, the Silver Bluff campus is now well-positioned for continued success under new ownership.

This transaction was facilitated by Brandon Bohland.

LEAD ADVISOR: Brandon Bohland Managing Partner Phone: 419-517-6477 brandon@senwelladvisors.com

September 2024