A family-owned dementia care facility was sold Monday.
The buyer was referred to only as “a prominent multilocation buyer in the senior care industry.”
IMG President Michael Givner credited the effective and successful sale of the Morris Plains facility to senior transaction adviser Kevin Doyle, who “led the team on this engagement and deftly sifted through over 100 investor inquiries.”
“The sellers, who had operated the 40-bed facility for nearly 30 years, turned to us to advise them on their divestiture,” Givner said. “As with all our clients, we were determined to help them achieve their goals and were proud to complete the deal with a prominent multilocation buyer in the senior care industry.”
IMG noted that the process remained confidential throughout the sale, that it kept in mind the client’s needs, goals and interests, and used resources that included “access to a vast network of professional contacts.”