Blueprint Brokers Sale Of 81-bed Skilled Nursing Facility In Madisonville, Tennessee
MADISONVILLE, Tenn. — Blueprint Healthcare Real Estate Advisors has arranged the sale of an 81-bed skilled nursing facility in Madisonville, located between Knoxville and Chattanooga.
The seller was The Trousdale Foundation, a nonprofit owner through Trousdale Living Communities. The buyer was a New York-based provider. Although the price was not disclosed, the per-bed price of $150,000 equates to approximately $12 million.
Constructed in 1982, the asset is located on four acres approximately 10 miles south of Sweetwater Hospital. As the only licensed provider in the city, the high-quality facility generated meaningfully positive cash flow resulting from continuous census growth and a recent Medicaid rate increase, according to Blueprint.
Michael Segal, Ben Firestone and Daniel Waldhorn led the Blueprint team.
The post Blueprint Brokers Sale of 81-Bed Skilled Nursing Facility in Madisonville, Tennessee appeared first on Seniors Housing Business.
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