How do I sell my assisted living facility?
Direct answer
The process runs: confidential consultation and valuation, engagement, marketing with a confidential information memorandum shared under NDA, buyer outreach and letters of intent, a purchase and sale agreement with due diligence, then change-of-ownership licensing and closing. Haven's sales typically close in 90 to 150 days including due diligence.
What to know
It starts with a confidential consultation and a valuation, so you know the likely price before committing. After engagement, your broker prepares marketing materials. Buyers first see an anonymous summary; the CIM with the community's identity is released only under NDA to registered, pre-qualified buyers.
Qualified buyers submit letters of intent, and you negotiate the best one into a purchase and sale agreement. Due diligence typically takes 30 to 90 days while the buyer verifies financials, surveys and the property. The new operator must be licensed through the state's change-of-ownership process, which commonly runs 90 to 180 days, so that work starts early.
Throughout, confidentiality is protected: staff, residents and families are told only when you authorize it, usually around closing.
How Haven helps
Haven manages this process for owners of communities with 16 or more beds in all 50 states, from valuation through closing. See how we sell assisted living facilities.