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Mingo Residential Care
MIG found an MH-focused buyer, enabling the owner’s smooth retirement.
Overview
Missouri has what are called residential care communities that are dual licensed via the Department of Health and Senior Services and the Department of Mental Health. This community was a residential care community for residents with mental health issues. The owner hired MIG to market the deal as he was looking to lean into his retirement.
Results
MIG had brought a buyer to the table that was and is actively acquiring these DMH RCFs across SE Missouri. The buyer and his family have found a nice niche owning and operating these DMH communities in the area.
Conclusion
There are many similarities between the behavioral health and senior living business at times. At the end of the day, owner / operators are providing housing and care services to their residents whether that be geriatric residents or residents who require mental health services. MIG was able to connect one of the many active buyers we have in the behavioral health space to complete a sale on behalf of our client.
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