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 market, sought to convert their SNF bed licenses to other uses within their hospital. With the bed licenses at risk of expiring, the Senwell team worked tirelessly to secure a private equity buyer. Despite a tight land-constrained market, the buyer identified a prime development opportunity to build a new SNF.
This transaction came with its share of hurdles, including navigating a complex certificate of need process, overcoming land constraints, and dealing with a high-interest rate and construction cost environment. However, Senwell’s commitment to delivering results ensured that the deal closed on time and at the price the seller was looking for.
This deal highlights Senwell’s ability to drive results in even the most challenging conditions, further solidifying our reputation as a leader in the skilled nursing care industry.
Brandon Bohland facilitated the transaction.
