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The transaction marks the highest price per bed sold for a skilled nursing community in the state, according to Senior Care Investor.
ESI was engaged by an independent owner-operator. At the time of marketing, the property was performing well. However, the property offered a number of expenses and revenue optimization opportunities for a strong regional operator to significantly improve performance.
Through a competitive three-week marketing process, ESI attracted strong interest, ultimately securing a buyer aligned with the seller's strategic goals.
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