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OSGOOD, Ind. — Evans Senior Investments (ESI) has arranged the sale of Manderley Health Care Center, a 71-bed skilled nursing community located in Osgood, a tiny town located between Indianapolis and Cincinnati.
An independent owner-operator sold the property to an East Coast-based owner-operator for $4.2 million, or $58,451 per bed.
Built in 1981, Manderley Health Care Center was 58 percent occupied and not cash flowing at the time of marketing. While under contract, occupancy at the community dipped below 45 percent. However, the owners of the community were able to bring occupancy up to 59 percent at the time of sale.