Pennsylvanian senior care facility sells to investor group

Client need

Since its beginning, the non-for-profit company (the company) has owned and operated a trusted skilled nursing and personal care facility located in a local Western Pennsylvania community. Over the past 40 plus years, the organization owners have invested in creating a high-quality facility known in its community for providing excellent treatment to its residents including skilled nursing, personal care, and therapeutic and rehabilitative services. The company has been able to cultivate a diversified base of referral sources including hospital systems, physicians, home health agencies, trust officers, churches and other clubs and organizations.

The company was negatively impacted by COVID-19 leading to a decline in census and increased staffing costs due to a shortage of nurses and certified nursing assistants. Additionally, the increasing skilled nursing compliance and technical requirements were becoming more difficult for stand-alone facility operators to navigate. To secure the long-term viability of its facility, the company decided it needed to transition the facility to a larger operator or investor group.

Baker Tilly Capital solution

Recognizing the significance of selecting the right partner, Baker Tilly Capital ran a full sell side process and worked with the owner to find the right buyer to continue the facility’s focus on providing high level care for the local senior living community.

Results

Baker Tilly Capital found an investor group focused on skilled senior living facilities. Partnering with the investor group will allow the company’s facility to continue providing long-term care for the local community.