Several transactions involving skilled nursing facilities (SNFs) included the sale of three facilities in Florida and one in Tennessee.

Florida SNF sales

Forest Healthcare Advisors closed two Florida transactions, including the sale of a 99-bed skilled nursing facility in Daytona Beach that traded at a high per-bed price for the state and the sale of two skilled nursing facilities on behalf of a Georgia-based operator.

The facility was performing well at the time of the sale, with an occupancy level of about 88% and more than $3 million in EBITDAR, a Forest Healthcare email shared with Skilled Nursing News stated. The seller was a private equity group.

According to Forest Healthcare Advisors’ transaction database, a high price for a Florida SNF would exceed $200,000 per bed, indicating the facility sold above that level.

Jeffrey Vegh and Joe Schiff of Forest Healthcare identified several potential buyers, generating multiple bids. A joint venture between a skilled nursing real estate company and an operator emerged as the buyer, the firm’s email noted. 

In a separate transaction also in Florida, Forest Healthcare Advisors sold two skilled nursing facilities on behalf of an owner/operator with a footprint concentrated in Georgia. The facilities were the company’s only two in Florida, prompting the decision to divest.

Occupancy at the facilities had historically been healthy, hovering around 90%. Cash flow was trending upward throughout the transaction, although there remained room for improvement. The deal was presented to several potential buyers, with an operator that already had a presence in Florida ultimately acquiring the facilities. The transaction closed within three weeks.

Illinois transactions

A family-owned operator engaged Vegh and Schiff to sell two senior care facilities in Illinois.

The family had owned the facilities for many years and had considered a divestment about two years earlier but ultimately decided to hold off. At the beginning of 2026, the owners determined the time was right to move forward. The transaction closed within nine months.

Both facilities offer supportive living, assisted living and skilled nursing services and hold CCRC licenses. One comprises 349 supportive living beds and 49 skilled nursing beds, while the other has 223 supportive living beds and 75 skilled nursing beds.

Combined occupancy was about 75%, providing the incoming owner with an opportunity to increase census.

An individual investor emerged as the buyer, assuming an existing HUD loan as part of the transaction and leasing the facilities to a third-party operator. The two assets sold for a combined $90 million.

Tennessee SNF sold

Vegh and Schiff also helped a large company divest a skilled nursing facility in western Tennessee.

The approximately 125-bed facility was struggling with census at the time of the sale, and the seller deemed it non-core as part of its portfolio diversification strategy.

A Florida-based company emerged as the buyer.