VR Facilitates the Sale of 41 Unit Assisted Living Business
Pictured above: Owners of Rivers Edge Assisted Living(Seller), and Owners of Harbor Health Management(Buyer)
VR Business Brokers, Mergers & Acquisitions of the Twin Cities
congratulates Harbor Health Management on the purchase of Rivers Edge Assisted Living, an assisted living community licensed to provide comprehensive, high-quality home care and housing services for the area's aging senior population.
Rivers Edge Assisted Living, is a 41-Unit Assisted Living facility that had been providing long-term care services in an Opportunity Zone located in the City of Aitkin, Aitkin County since 2016. The Owners were ready to retire and pass the baton over to a synergistic buyer. After meeting with Young Bebus, they were confident in her extensive background in health care management and trusted that they would be able to transfer the business to a new owner, while focusing on running their business, all while maintaining confidentiality.
VR, who leveraged its extensive network of brokerage offices nationwide to procure the Buyer, remarked that "the seller is thrilled to transition with Harbor Health Management who brings years of healthcare management experience and valuable expertise. We welcome them and expect them to thrive in this new role".
Harbor Health Management, an award-winning assisted living consulting and management Company. They are excited to maintain the legacy of the community and continue to grow Rivers Edge Assisted Living, ensuring it remains a premier location for comprehensive, high-quality home care and housing services for the area’s aging senior population.
Because of the recent sale and its success, the VR office has received numerous inquires from potential buyers who are interested in acquiring local assisted living communities. Without cost or obligation, VR Business Brokers, M&A will review the step-by-step expertise we use in determining whether the time is favorable for selling your business or not, and in complete confidence to maximize your outcomes.
For more information, please call the VR office in Little Canada, MN today at 651-330-1767 to speak with a representative.
Congratulations to both parties for this successful transaction and VR wishes the Buyer and Seller much success!