News Release: ESI Arranges the Sale of Henry County Healthcare Center in Tennessee

Paris, TN – Evans Senior Investments (ESI) has successfully arranged the sale of Henry County Healthcare Center in Paris, Tennessee. The transaction was executed on behalf of Henry County.

Built in 2001, Henry County Healthcare Center offers 136 skilled nursing beds across 5 acres of land. At the time of marketing, the facility was only 43% occupied and experiencing negative cash flows. Since the COVID-19 pandemic, the community has consistently remained in the 40-50% occupancy level month over month. Although the pandemic played a part, the primary issue has been the community’s low staffing levels, which frequently led to rejecting admissions.

Henry County Healthcare Center struggled to achieve industry-standard profitability due to its status as the sole skilled nursing facility, limiting its economies of scale.

After receiving approval to sell from the county, ESI was hired to facilitate the transaction. ESI ran a targeted marketing strategy to attract potential buyers, highlighting the growth potential in the local senior population and the opportunity to improve operational efficiencies. This approach successfully matched the healthcare center with a buyer capable of leveraging these opportunities. Ultimately, Ahava Healthcare was selected as the buyer.

About Evans Senior Investments 

Evans Senior Investments (ESI) is a real estate brokerage firm with offices in Chicago, IL and Denver, CO specializing in the long-term care asset class. ESI provides market valuations and sell-side advisory to Seniors Housing and Skilled Nursing owners across the country. Founded in 2009 by twin brothers Jason and Jeremy Stroiman, ESI aims to provide a more efficient, transparent, and faster selling process through a unique team-based approach to brokerage. ESI’s sellers are represented by the entire firm, with each member an expert in the varying aspects of the transaction process.