Matthew Alley sold a 115-bed Skilled Nursing Facility in Lufkin, Texas. The transaction closed at $2 million, which was $17,391/bed and 0.34x revenue. The facility is a multi-story facility approximately 57,500 square foot built in 1919. The facility has a strong census 77% but is reliant upon Medicaid residents. The buyer is an owner/operator located in Central Texas with several facilities throughout the state.
For more information on the above transaction, or to inquire about the value of your Senior Living Communities, please contact Matthew Alley.
Nationwide Presence – Texas Focus