MT. CARMEL, Ill. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a nonprofit healthcare campus in Mt. Carmel, located in the southern part of the state along the Indiana border.
Arkansas-based General Baptist Health Care, an owner-operator seeking to exit its only operation in the state. The buyer was CareTrust REIT and its regional operating partner, WLC Management Firm. Although the price was not disclosed, Blueprint reports the purchase price translated to approximately $70,000 per licensed bed.
The campus is made up of two adjacent healthcare buildings: Oakview Heights, a 90-bed skilled nursing and long-term care facility, and Oakview Villa, a 38-bed supportive living facility offering affordable assisted living services. Since acquiring the property in 1981, ownership continuously expanded the property, adding a secure memory care unit, rehabilitation facility and supportive living building.
Michael Segal and Josh Salzman of Blueprint handled the transaction.