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State Appointed Receiver - A Case Study

Financial advisor to state-receiver of a chain of skilled nursing facilities

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Asset Value

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Asset Recovery

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SNF Census Improvement

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Bed Count

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About Columbia Pacific Advisors

An investment firm that has completed over $10 billion in transactions since 2006, and a sophisticated investor of senior living markets.

“The Long Hill Company came in during what we would consider a crisis and quickly built trust and rapport with the parties involved, assessing, stabilizing and rectifying the situation in record time.”

Kevin Quinn
Columbia Pacific Advisors - Asset and Underwriting Manager for Real Estate Lending

The Challenge

The senior living campus of Assisted Living and Skilled Nursing communities was at risk of licensure termination by state regulators, who had assigned a temporary manager.  Investors were given two-week notice of closure and transfer of the remaining 12 residents.

 

How We Helped

Long Hill held a planning meeting with state officials, and on a parallel course worked with Columbia Pacific Advisors to prepare a federal, consensual receivership filing.  Within two-weeks, federal courts approved filing, and Long Hill was assigned as the receiver. Long Hill immediate began work to excuse the state-appointed manager, gain the trust of staff and referral sources.

 

The Results

  • Improved SNF Census from 12 residents to 77, reaching 100% occupancy;
  • Organized broker selection process;
  • Advised on securing favorable licensure status to a successor;
  • Supported broker with financial analysis and improvement in market value; and
  • Consummated sale at 100% recovery of the original investment.

What can The Long Hill Company do for you?

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