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December 1, 2022

Sale of a Nursing Home in Osgood, Indiana

ESI successfully represented an independent owner/operator in the sale of Manderley Health Care Center


Manderley Health Care Center is a 71-bed skilled nursing community located in Osgood, Indiana and sold for $4,150,000 or $58,451 per bed.

Built in 1981, Manderley Health Care Center is located in Southeast Indiana, 45-miles west of Cincinnati, Ohio. At the time of marketing, the community was 58% occupied and not-cash flowing. While under contract, occupancy at the community dipped below 45%, however the owners of the community were able to bring occupancy up to 59% at the time of sale. 

ESI represented the seller, an independent owner/operator of the community since its inception in 1981. Jason Stroiman, President & Founder of ESI, commented: “The acquisition presented a great opportunity for a new operator to grow their presence in the state of Indiana and apply additional synergies as this community is folded into their portfolio.” 

The buyer was an east coast owner/operator expanding their presence in the state of Indiana.

Evans Senior Investments continues to observe the difficulty of operating long term care assets in today’s marketplace with rising labor costs and the increasing need for compliance oversight. The continued crisis related to the COVID-19 pandemic will likely intensify the struggles of independent owners as the crisis strains the day to day operations at facilities nationwide.

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