MOULTRIE, Ga. — Blueprint Healthcare Real Estate Advisors has negotiated the sale of Cobblestone Rehabilitation & Healthcare Center, a 59-bed skilled nursing facility in the Southwest Georgia city of Moultrie.
The seller was a New York-based investment firm, and the operator recently filed for bankruptcy. The buyer was local community-based teaching hospital Colquitt Regional Medical Center. The price was not disclosed.
“Acquiring Cobblestone will allow us to expand our continuum of care and provide additional services to our patients and this community,” says Jim Matney, Colquitt’s president and CEO. “It has been a long-term goal of ours to expand into skilled nursing, so it was the perfect opportunity for us to begin this journey.”
Upon completing the transaction, the buyer plans to make substantial upgrades to the facility’s patient rooms, common areas and landscaping.