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Overview
A local St. Louis broker was hired to sell a 120 bed St. Louis nursing home for a family retiring from the nursing home space. MIG was happy to get connected with the broker and opportunity to help bring a buyer to the table and provide our experience and insight on transactions within the SNF space.
Results
Without much control over the seller, there were many difficulties along the way, but MIG and its buyer were able to overcome many irregularities throughout the deal to get the deal closed.
Conclusion
A brokerage experienced in the SNF space that can provide insights to a seller on the best efforts and practices to sell and transition a community is invaluable not only for the buyer and seller, but for the staff and employees.
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