Sherman & Roylance is proud to announce the successful sale of a highly regarded 252-bed skilled nursing facility portfolio in South Carolina. This acquisition marks a significant expansion for the buyer, a leading operator with a growing presence in the Western United States, and ensures the continued legacy of exceptional care for seniors in the Southeast region.
The seller, a respected family-owned business with a 50-year history in South Carolina's nursing care sector, made the difficult decision to part with their facilities. Sherman and Roylance were engaged for their proven expertise, commitment to confidentiality, and dedication after another party had an unsuccessful attempt to sell the portfolio in 2021.
A Match Made in Healthcare
The buyer, a well-established operator on the West Coast, was drawn to the opportunity to expand their portfolio into the thriving Southeast market. The two facilities, located in Florence and Cheraw, offered a strong foundation for growth and a commitment to providing high-quality care.
Key Details of the Acquisition:
- Portfolio size: 252 beds total, including 132 in Florence and 120 in Cheraw.
- Facility age: Cheraw built in 2008, Florence originally built around 1980 with a major update in 1998.
- Occupancy: Cheraw over 90%, Florence over 75%.
Legacy Preserved
Sherman & Roylance played a pivotal role in facilitating this complex transaction. Their deep understanding of the senior care market, combined with their local presence through Jack Osteen, ensured a smooth and successful outcome. Osteen's on-the-ground support for both the buyer and seller was instrumental throughout the process. A unique aspect of this deal involved international investors, whom Osteen met during their visits to the United States. Their participation contributed to the successful financing of the acquisition. The sale of this family-owned portfolio marks the end of an era but also ensures the continuation of exceptional care for seniors in South Carolina. The buyer's commitment to providing high-quality services will undoubtedly benefit the communities served by these facilities.
About Sherman & Roylance
Sherman & Roylance is a leading boutique real estate investment firm specializing in skilled nursing and senior housing facilities. With a proven track record and a deep understanding of the senior care market, they provide comprehensive transaction advisory services for buyers and sellers nationwide.
For further information, please contact:
Shep Roylance
Founder
(818) 515-0530
Shep@SRSeniorLiving.com
John Sherman
Founder
(949) 742-8375
JSherman@SRSeniorLiving.com
Jack Osteen
Director of Southeast Region
(803) 468-1010
Jack@srseniorliving.com