Ziegler Brokers Sale of 206-Bed Skilled Nursing Portfolio in Ohio

by Jeff Shaw

OHIO — Ziegler has acted as sell-side financial advisor to the sale of a portfolio located in Northern Ohio. The portfolio comprised three buildings consisting of 182 skilled nursing beds and 24 behavioral health beds.

The seller is a leading nonprofit organization dedicated to providing affordable housing, healthcare and supportive services to various populations, including seniors, veterans and families in need. The portfolio represents the organization’s only healthcare properties in Ohio.

The buyer is a privately held, for-profit owner and operator based in Englewood Cliffs, New Jersey, that intends to convert one of the campuses into a behavioral hospital. Although the price was not disclosed, the acquisition was valued at approximately $65,000 per bed, which equates to approximately $13.4 million.

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