Nursing Homes Sold Across Southern States

This article, “SNN Dealbook: Several Nursing Homes Sold Across Southern States”, by Skilled Nursing News reports a series of nursing homes transactions across the southern United States. These sales are indicative of ongoing trends in the Skill Nursing Sector, which is driven by factors such as staffing challenges and financial limitations. This can involve various buyers, including private equity firms, management companies, and other operators that want to aim to
expand their economies of scale.

This transaction underscores the nature of the nursing home industry. This article focuses on the southern states where operators of the facilities are adapting
to the change in the market. In North Carolina, Evans Senior Investments facilitated the largest transaction for a 160-bed skilled nursing facility in the state. In Oklahoma City, Strawberry Field REIT completed a $5 million transaction for a Skilled Nursing Facility with 100 beds.

The facility requires a base rent of $500,000. Many nursing homes in the South are being sold as owners face financial and staffing problems. Bigger companies are buying them to stay strong in a harsh industry. This trend could change the more important issues and how the care is given to the residents, and also affect the quality or availability of nursing home services in the future.