Ballard Nursing Center was sold to Resurrection Health Care, a not for profit, that owns six hospitals and six nursing facilities in the Chicago area.
The sale was facilitated by Senior Living Investment Brokerage and was a strategic acquisition that provides specialized acute medical services and care for residents that require ventilators, dialysis, and tracheotomy care.
“Ballard Nursing Center is a unique facility that provides specialty care services and benefited from the implementation of RUGs IV,” said Ryan Saul, Managing Director at Senior Living Investment Brokerage, Inc. “Senior Living Investment Brokerage, Inc. was able to procure several offers and achieve one of the highest price per bed values by matching a not-for-profit organization that was looking for an opportunity to acquire these types of services.”
According to the company, Resurrection paid $115,183 per bed and had generated multiple offers.
Senior Living said that Based on Ballard’s stellar reputation, this facility will prove to be a profitable compliment to the other two Resurrection facilities in the market.