Cortland Acres sells skilled nursing facility to Hill Valley Healthcare with the guidance of Baker Tilly Capital
Learn how Baker Tilly Capital helped Cortland Acres sell its 94-bed skilled nursing facility in Thomas, West Virginia, to Hill Valley Healthcare, ensuring continued high-quality care for the Tucker County community while allowing Cortland Acres to focus on expanding its independent living facility.
Client need
After more than 50 years of operating both a skilled nursing and an independent living facility, Cortland Acres decided to focus its future efforts on expanding its independent living services to better meet the needs of Tucker County, West Virginia residents. This decision led Cortland Acres’ board of directors to consider the sale of the skilled nursing facility. Upon learning of Baker Tilly Capital’s role in the successful sale of Ohio Valley Healthcare to West Virginia University (WVU) Medicine, the board reached out to the Baker Tilly Capital team. After meeting with Baker Tilly Capital and discovering its extensive experience with skilled nursing facilities, the board engaged them to assist in finding the right partner to acquire the skilled nursing facility.
Baker Tilly Capital solution
Recognizing the importance of selecting a partner who could uphold Cortland Acres' mission of providing high-quality care to local residents, Baker Tilly Capital conducted a comprehensive sell-side process. In close collaboration with Cortland Acres' Board of Directors, Baker Tilly Capital identified Hill Valley Healthcare as the ideal buyer — one that shared Cortland Acres' commitment to delivering exceptional care to its residents.
Results
Hill Valley Healthcare, a rapidly growing operator of skilled nursing facilities, acquired Cortland Acres’ skilled nursing facility, with plans to continue partnering with Cortland Acres' independent living operations. Baker Tilly Capital played a pivotal role in facilitating the transaction, guiding the sale process and ensuring that the new owner aligned with Cortland Acres’ commitment to high-quality care for the residents of Tucker County. This transaction ensures that the local community will continue to receive the exceptional care they’ve come to rely on, while Cortland Acres focuses on expanding its independent living services to better meet the evolving needs of the region.
To learn more about how Baker Tilly can help your organization with transactions, contact our M&A team.
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Baker Tilly Capital professionals have completed hundreds of middle market transactions for public and private companies in various industries.