Healthcare Management Partners (HMP) Leads Successful Sale of Nine Senior Care Facilities Through ‘Stalking Horse’ Auctions
HMP, acting as receiver, partnered with Waller to execute simultaneous successful auctions of Southeast-based senior living facilities, resulting in nearly
HMP working with
The stalking horse auctions of all nine facilities were conducted simultaneously. Through the process, HMP was able to increase the initial stalking horse bids from
Ultimately,
“The Stalking Horse Auction was a significant step forward to returning funds to the investors in these nine senior care communities,” said
In addition to Pierce, the HMP team included
The facilities sold include:
-
Opelika ALF, LLC for total gross cash consideration of$2,000,000 ; -
Columbus ALF, LLC for total gross cash consideration of$4,350,000 ; -
Oxton Place ofDouglas, LLC for total gross cash consideration of$2,253,000 ; -
Gainesville ALF, LLC for total gross cash consideration of$4,234,000 ; -
Rome ALF, LLC for total gross cash consideration of$2,250,000 ; -
Savannah ALF, LLC for total gross cash consideration of$1,790,000 ; - Senior Solutions of
Social Circle, LLC for total gross cash consideration of$5,090,000 ; -
Montgomery ALF, LLC for total gross cash consideration of$995,000 ; and -
Waterford Place ALF, LLC for total gross cash consideration of$3,675,000 .
Additional archived information about the receivership and the facility sales can be found at oxtonseniorlivingreceivership.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180430005146/en/
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