Blueprint Arranges Sale of 833-Bed AdventHealth Skilled Nursing Portfolio in Florida

by Jeff Shaw

FLORIDA — Blueprint Healthcare Real Estate Advisors has arranged the sale of seven skilled nursing facilities totaling 833 beds in Central and West Florida.

AdventHealth, a faith-based, nonprofit health system with headquarters in Altamonte Springs, was the seller. The price was not disclosed.

The Centers for Medicare & Medicaid Services (CMS) rated nearly all the properties as 4- and 5-star facilities. Nursing homes with 5 stars are considered to have much-above-average quality, and nursing homes with 1 star are considered to have quality much below average. Two flagship state-of-the-art centers within the AdventHealth Care Centers portfolio were constructed in 2018 and 2019. Locations were strategically situated within the health system’s footprint including some hospital-adjacent sites providing specialized care for higher acuity patients.

The buyer was New York-based Infinite Healthcare along with its local operating subsidiary, Solaris Healthcare. Blueprint also advised the buyer through the challenging capital markets environment to structure a strategic financing outcome with multiple lenders.

The transaction marks AdventHealth Care Centers’ exit from skilled nursing facility ownership and operations.

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