SC&H Capital’s client Bell Mountain Village and Care Center has completed a going concern sale of its assisted living and skilled nursing facility to Cascadia Real Estate.
Cascadia’s parent company, Cascadia Healthcare, is one of the largest owner/operators of skilled nursing facilities in the state of Idaho.
Bell Mountain Village and Care Center offer assisted living and skilled nursing services and maintains a high staff-to-resident ratio with excellent therapy programs for physical, occupational and speech, including recreation therapy, and also offers out-patient therapy services.
_x000D_
“This healthcare M&A transaction is a great start for us as part of SC&H Capital. We are seeing a large number of clinical healthcare operators struggling through workouts and bankruptcies and we are confident that SC&H Capital’s historical experience in the healthcare sector and our experience in the distressed markets combine to give our clients and referral sources a very unique option when they need to refinance or sell a business,” said Ken Mann, managing director of SC&H Capital’s Distressed M&A Services team._x000D_
SC&H Capital’s Distressed M&A Services team, formerly Equity Partners, was retained as the exclusive court approved investment banker to seek a buyer for the company. The team conducted an exhaustive process generating significant market interest, and ultimately negotiated with multiple qualified bidders in the bankruptcy auction.
_x000D_
