Skilled Nursing Facility Sold In Mexia, TX
Matt Alley sold a 70-bed Skilled Nursing Facility located in Mexia, Texas. The facility was owned and operated by a local family. All 70 beds are dually certified for Medicaid and Medicare residents. The facility had negative cash flow and the new owner expects to take advantage of the positive revenue base through cutting expenses and increasing census. The Buyer is a prominent real estate owner from California that owns several facilities in Texas. The new owner intends to lease the facility to a regional operator out of Houston.
For more information on the above transaction, or to inquire about the value of your Senior Living Communities, please contact Matthew Alley.
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