Stonehaven, established in 2007, has long been a staple in the local senior care landscape, serving both private pay and Medicaid residents. However, over the past year, Stonehaven faced some major difficulties. At the time of marketing, occupancy rates had dropped to just 53%, leaving many units unoccupied. This reduction in residents caused financial challenges, making it hard for the facility to cover fixed expenses. As a result, staffing and daily operations were affected.
Recognizing the need for a change, the seller chose to exit the market. ESI conducted a confidential and competitive marketing process aimed at identifying a buyer capable of revitalizing the community and benefiting from economies of scale. A private company ultimately acquired the asset and partnered with a Midwest-based operator, marking their second investment in Arkansas. The deal was finalized within three months of signing the letter of intent.