10 Key Things When Buying or Selling a Nursing Home or Assisted Living Facility

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If you are in the market to buy or sell a nursing home or assisted living facility, there are a number of items to consider as it relates to the Purchase Agreement and Transition.  While we can’t identify and answer all the issues, the following represent some of the key items to consider:

  1. Make sure title and zoning are conforming
  2. Understand your successor liability post closing
  3. Finalize contract schedules early in the process (i.e. allocation of purchase price)
  4. Know when the CHOW is filed depending on state to ensure timely close
  5. Sellers calculate PTO to employees and Buyers identify when that will be paid out
  6. Identify assumed contracts vs. terminated contracts and potential costs associated
  7. When to inform staff about a sale and who do you bring into the know
  8. Review loan docs to ensure there are no lock outs or cost surprises
  9. Sellers compile due diligence information before sales process starts
  10. Buyers stand ready with the due diligence list to accompany LOI

 

Please contact Ryan Saul if you are considering buying or selling a nursing home, long-term care or Seniors Housing Community.

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Interest Rates

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I can’t get through one day without people talking about interest rates.  Of course, low interest rates have been a catalyst driving the Seniors Housing M&A market.  Record prices, record number of transactions, REITs low cost of capital, peak, bubble, torrid – industry buzz…..all centered around interest rates.

Everyone is talking about the improving economy and the Feds positioning to increase interest rates sooner rather than later now.  We all know rates are going to increase.  It appears increases are going to be sooner rather than later.  They can’t remain this low, and we have enjoyed quite the ride of cheap debt.

There is still time to capitalize on interest rates today.  If you want to take advantage of what many dub the PEAK of the market, act now and allow me to put together a valuation.  There may never be a better time to test the market and sell to take advantage while interest rates are still low.  Contact Ryan Saul to confidentially discuss our process and the value of your community.

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