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Operating Partnerships
In the past 25 years, Smith/Packett has played a key role in the formation and growth of many healthcare and senior housing operating companies.
Smith/Packett's successful business model is to partner with operating companies best suited for project opportunities, and to provide economic incentives commensurate with the risk assumed. The goal of the arrangement is for both parties to share in the value created by the opportunity and efforts of the partners.
Historically, our operating partners have been afforded purchase options which are a substantial discount to the fair market value. These arrangements allow talented emerging companies to accelerate growth and leverage capital.
Typical characteristics of Smith/Packett's operating partners are as follows:
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The personal involvement and commitment of an experienced team of professionals
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Specialization in a niche service programming
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Geographic concentration and local market knowledge
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A solid track record of successful operations
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Reputation for uncompromised character, quality service and care.
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John Randolph Hospital - Hopewell, VA (Before)
Hopewell Health Care and Rehabilitation Center - Hopewell, VA (After)
Annaburg Manor - Manassas, VA (Before)
Gainesville Skilled Nursing Facility - Gainesville, VA (After)
Chase City Nursing and Rehabilitation Center Addition - Chase City, VA
Radford Nursing and Rehabilitation Center - Radford, VA
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