Sherman & Roylance Announces Successful Sale of 104-Bed SNF in Texas

The Texas skilled nursing market witnesses a changing of the guard, as a well-known physician hands off a facility to a rising California star. Sherman & Roylance proudly announces the successful sale of a modern 104-bed SNF in Texas, marking a pivotal moment for both parties involved.

The seller, a respected Texas physician with extensive healthcare experience, made the strategic decision to focus on their core acute care and SNF holdings within the state. The 2018-built facility, boasting modern amenities and a license for 94 Medicare and 10 Medicaid beds, presented a unique opportunity for an astute buyer to revitalize operations and unlock its full potential.

The path to completion wasn't without its challenges. With the facility previously facing financial obstacles, securing financing presented a hurdle. But lead agents Shep Roylance and John Sherman of Sherman & Roylance, drawing upon their deep expertise in navigating complex healthcare transactions, stepped in to negotiate short-term new financing for the buyer, paving the way for a successful closing.

"This deal showcases our ability to connect the right players and overcome challenges to achieve optimal outcomes," stated Shep Roylance, Founder at Sherman & Roylance. "The buyer's dedication and the seller's willingness to find the right fit resulted in a win-win situation, and we're excited to see the buyer's vision come to life in this new Texas market."

Thinking of your property's future? Sherman & Roylance offers complimentary business valuations to owners of senior living communities interested in exploring their options.

Attending the Spring NIC Conference? So are we! Meet with Shep Roylance and Jack Osteen.