Done Deal: Hidden Springs, Found Value

In 2017, they added a purpose-built wing constructed to hospital and skilled nursing standards, creating a memory care neighborhood and an “advanced care” assisted living wing so residents could stay at Hidden Springs as their needs grew. The enhanced offering yielded commensurately enhanced rates, generating impressive revenue relative to the local demographics.

With the owners ready to step back, they engaged Blueprint to find a buyer who would carry their legacy forward. Blueprint launched the offering in the Summer, producing several strong offers from regional and national owners, operators, and investors alike.

Blueprint narrowed the field to a group of finalists, then ran multiple rounds of bidding, ultimately selecting an experienced private investor group comprised of the affiliates of Logos Living Capital, partnered with one of Logos’ strategic operating partners, Viva Senior Living. Logos Living Capital today owns over 2,000 units across the independent living, assisted living, and memory care space across 11 states, with a growing presence in the Mid-Atlantic.

Blueprint quarterbacked the transaction start to finish, negotiating key deal terms and managing an efficient due diligence process. In the end, the Sellers achieved their goals of selling their community for a strong market price, while also feeling confident that they handed off their community to the right group to continue their legacy. Conversely, buyers are taking over a well-built, well-maintained physical plant, with a loyal local following, and room to further improve operations at the community.