CHICAGO, IL — Helios Healthcare Advisors is pleased to announce its role in structuring the sale of a 390-bed portfolio of three skilled nursing facilities located in the Houston MSA.
Helios was engaged by a regional developer to facilitate and structure the sale. All located in the greater Houston area, the facilities were constructed within the last ten years and leased to a regional operator. The operator faced difficulty maintaining a quality census mix, staffing and clinical issues. All of this resulted in negative lease coverage and cashflow at the time of sale. Helios sourced a real estate investor and an operator to purchase the portfolio in addition to structuring a new lease. Headquartered in Oklahoma, the operator has a reputation for turning around distressed skilled nursing facilities.
The purchase price was $27MM, or approximately $69,230 per-bed.
Contact Advisors
Jeff Rhodes
Managing Director
jrhodes@helioshca.com
D: 662-404-1668
Bill Janis
Managing Director
bjanis@helioshca.com
D: 312-492-4676
Mario Santiago
Managing Director
msantiago@helioshca.com
D: 312-492-4248
ABOUT HELIOS HEALTHCARE ADVISORS, LLC : Helios is an independent corporate advisory firm that provides strategic and financial advice to middle-market participants in the healthcare sector. Headquartered in Chicago, the firm serves individuals, private enterprises, corporations and financial institutions nationally.
