Safe Haven Healthcare

Operating in Bellevue, Idaho, two healthcare facilities—a combined assisted living and skilled nursing center, and a separate assisted living community—faced financial distress under Chapter 11. Leadership sought support in exploring strategic options for selling both entities and ensuring continuity for residents and staff.

A structured marketing process was implemented that drew interest from multiple qualified buyers. The auction initially saw the secured creditor use its credit bid, emerging as the leading offer. To encourage competitive proposals, the auction was extended for an additional week, allowing bidders to submit improved offers. Negotiations were carefully guided, with coordination across all parties to ensure revised proposals were evaluated thoroughly.

Ultimately, Cascadia Real Estate, LLC, a subsidiary of Cascadia Healthcare — a prominent operator of skilled nursing facilities in the state — was selected as the successful bidder shortly before the sale hearing. Discussions also resolved permitting, licensing, and regulatory requirements, securing court approval for the transaction. The sale was completed within 30 days of the court’s approval, with operations continuing smoothly throughout the process.