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Revised:  10/20/2004

Bus. FOR SALE

 

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"Since 1983, Langworthy Company has been diagnosing illnesses and prescribing remedies for ailing area companies."
    Small Business News
     Cleveland, Ohio

 

 

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"Becoming a good
manager is not an
event but a process"
     Dr. Kenneth Blanchard

"People don't resist change, they resist transition."
    Dr. William Bridges

 

 

 For Sale
 NURSING HOME     SOLD

Occupancy: 100 bed dual-licensed      (Medicaid/Medicare)
Location: Western, central Ohio, metro location inside city limits
Status as of Fall  2004:

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Profitable, above breakeven on cash flow

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Low census

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Unprofitable last two fiscal years

Asking Price: Negotiable

OVERVIEW

The owner of a metropolitan skilled nursing home is seeking a “Letter-of-Intent” contingent upon due
diligence to sell a dual licensed skilled nursing facility. Occupancy has declined and the facility has not been profitable. Marketing initiatives have improved census in recent weeks and the home is profitable now
on cash flow.

Facility requires future modernization. There is adequate acreage for development of an aging-in-place
continuing care residential community (CCRC). The nursing home has a well-established name
in the community.

TO RECEIVE MORE INFORMATION
A confidentiality agreement is required to receive an Offering Summary containing:

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Description of nursing home

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Key statistics of nursing home

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Stepped-up Value

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Situational Analysis

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Medicaid Rate Setting for 2004

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Year-end financial statement, 4 years

Note: The Offering Summary can be emailed as a PDF file or a hard copy is available for mailing.

CONTACT

Joseph A. Langworthy
Langworthy Company
3496 Cornwall Drive NW
Canton, Ohio 44708-1154

330-477-5271  Office
330-477-9944  Fax

Email joe@langworthycompany.com

 
 

                
 

 

Telephone
330-477-5271
FAX
330-477-9944
Postal address
Langworthy Company Consultants
3496 Cornwall Drive NW, Canton, Ohio 44708-1154
Electronic mail
General Information: information@langworthycompany.com
Consulting Services: jlangworthy@langworthycompany.com

 

 

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Copyright © 2004 Langworthy Company
LANGWORTHY COMPANY

3496 Cornwall Drive NW

Canton, Ohio 44708-1154
330-477-5271
CONTACT US information@langworthycompany.com


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