Harpeth Capital Renders Fairness Opinion on Skilled Nursing Sale

Harpeth Capital, LLC is pleased to announce that it rendered a fairness opinion to the board of trustees in connection with the sale of a Midwest-based skilled nursing and independent living community to a strategic buyer.

A determination was made to proceed with the sale of the property after conversations with the existing lender did not lead to a successful resolution, and was exacerbated by both general industry as well as specific operational issues.  In order to satisfy certain state regulations regarding the sale by a nonprofit entity, legal counsel sought a fairness opinion for the board to consider as part of their recommendation to move forward with the transaction.  Harpeth Capital was able to complete the necessary analysis and meet a tight deadline (ten days) for presentation of the opinion to the board.