Feasibility studies to help an assisted living facility plan for the future

Challenge

An assisted living facility was facing declining census due to an aging facility. The client either needed to build a new facility or cease operations.

Solution

BerryDunn consultants:

• Assisted in determining reasonable operating assumptions for the project
• Analyzed industry data to determine how operations might be impacted
• Helped the facility obtain financing for the project

Outcome

The client gained confidence in their forecasted financial statements and was able to demonstrate to lending institutions that their new operations could support the financing needed for a new facility. The organization was able to obtain financing and build their new facility.