Jeff Binder, Ryan Saul and Ross Sanders sold a 102 Bed Skilled Nursing Facility in one of the largest cities in Iowa. Constructed in 1976, the facility is in good condition and is comprised of approximately 29,000 square feet on 2.83 acres. Census was 66% at the time of sale.
The Seller is a for-profit group of investors and they were the original owners of the facility. This was their only long-term care facility.
The West Coast based Buyer owns/operates a number of skilled nursing facilities in both the Midwest and West Coast. The new owners seek to significantly enhance the Medicare census by offering a number of new therapy programs at the facility. The Buyer looks forward to taking advantage of the new Quality Assurance Program/Provider Tax which the State of Iowa implemented in April 2010. Please contact Ross, Ryan or Jeff for additional information.
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A plan of offering some new therapy programs at a retirement community is an incredible idea. There should also be a separate area for elderly who are suffering dementia or Alzheimer's disease. It's one way of providing quality assisted care and compassion for retired seniors. I heard from my cousin that one of the high-end adult communities Charlotte, North Carolina area offer a secure place for senior citizens who are suffering of dementia. Hence, you can find quality retirement living around Charlotte retirement community areas.
ReplyDeleteThanks for sharing the news, Grant!