The Community
SLIB brokered the sale of Lincoln Hills Health Center, a Skilled Nursing and Memory Care community, on behalf of a private partnership. This 156-bed community (123 SNF / 33 MC) is single-story, built in 1974 with improvements in 2007. Occupancy hovered near 85% at time of sale. Lincoln Hills is located in New Albany, Indiana, seat of Floyd County.
The Process
The Seller is a private partnership based in Kentucky and Florida. SLIB helped them divest and achieve their goal of retiring from the business. SLIB had developed a strong relationship with this Seller upwards of a decade, executing a confidential sale when the time was right.
The Result
After a confidential marketing process, the chosen Buyer was CarDon and Associates based in Indiana. CarDon has numerous properties across the state of Indiana; they intend to leverage their efficiencies, operating model and experience to improve financial performance at Lincoln Hills.
Lincoln Hills Health Center
The Community
SLIB brokered the sale of Lincoln Hills Health Center, a Skilled Nursing and Memory Care community, on behalf of a private partnership. This 156-bed community (123 SNF / 33 MC) is single-story, built in 1974 with improvements in 2007. Occupancy hovered near 85% at time of sale. Lincoln Hills is located in New Albany, Indiana, seat of Floyd County.
The Process
The Seller is a private partnership based in Kentucky and Florida. SLIB helped them divest and achieve their goal of retiring from the business. SLIB had developed a strong relationship with this Seller upwards of a decade, executing a confidential sale when the time was right.
The Result
After a confidential marketing process, the chosen Buyer was CarDon and Associates based in Indiana. CarDon has numerous properties across the state of Indiana; they intend to leverage their efficiencies, operating model and experience to improve financial performance at Lincoln Hills.
