Classifieds - Facilities/Beds for Sale/Wanted

For Sale: 39 bed Multi-level facility in Washington County Maine. 31 dual certified NF/SNF beds; 8 PNMI beds. Annual revenues: 2.4 million. Facility had been 5 star rated since the inception of the CMMS 5 star system, but recently dropped to 4 star rating. Has 53 experienced & outstanding employees and maintains occupancy level at about 90% between the Nursing Facility and Residential Care. Outstanding survey performance and customer satisfaction ratings; annually appearing in US News and World Report as an Outstanding Facility. Currently utilizing services from First Atlantic Healthcare for Billing, Collections, General Ledger and Cost Report preparation. No outstanding legal issues or considerable long-term debt. No major physical plant deficits; no survey deficiencies outstanding. Roof replaced 2005, parking lot repaved 2007, all 2005 hi-lo electric beds with pressure reducing mattresses, (2) new 100 gallon boilermates installed 2013, as well as a new 45kw standby generator. Ownership has retired and no longer wishes to face the daily struggles and pitfalls operating an Independent business funded by predominantly State and Federal monies has to contend with. Payor mix is ~90% Mainecare, with remainder Private and Medicare A. Preferentially business would be sold as an intact & functioning business, but sale of transferable bed rights is another option. Interested parties please contact: Nathan Brown, Administrator, Oceanview Nursing & Residential Care, 2 South Street, Lubec, ME 04652 Tel: 207-733-4374 (posted 08/27/13)