ASSISTED LIVING W/LMC LICENSE

Ownership:

Husband & Wife

​

Challenge:

The husband was diagnosed with cancer and the asset had to be sold quickly. The operating license was in jeopardy. Management had to take on additional responsibly.

​

Solution:  

We came up with a tailor-made plan to first ensure that the integrity of the operating license stayed intact.  Value of the asset would have dropped 50% without the license. Our team advised and consulted with management on all issues related to the license. Simultaneously, we conducted a strategic national search for a buyer, which was completed timely. Through our advisory services and deep relationships, the new owner was able to complete the change of ownership without any disruption to the business.​

​

Buyer: 

Private investor

​

Success: 

Secured an out of state buyer who paid top dollar for the community.