Senior Living Facility Buying Opportunity

Derek A. Pierce of Healthcare Management Partners, LLC, in his capacity as court-appointed receiver (the "Receiver") is seeking a buyer for three assisted living facilities, consisting of approximately 87 total units made up of 43 assisted-living units and 44 memory care units, known as CelesteCare of Llano and located at 701 E. Young Street, Llano, Texas, CelesteCare of Fredericksburg and located at 2230 N. Llano Street, Fredericksburg, Texas, and CelesteCare of Horseshoe Bay and located at 26409 East Highway 71, Horseshoe Bay, Texas.

Sale Process Overview

Receivership court sales are advantageous because the receivership court enters an order providing that the sale shall be free and clear of all liens, claims, encumbrances, and other interests so that the buyer is protected from legacy liabilities of the seller.

The Receiver intends to sell the facilities through a court-approved private sale. The receivership court has yet to rule on the Receiver's request. As of the date of this notice, the receivership court has not established any deadlines.

Sale Process and Confidentiality Agreement

To participate in the sale process and to receive access to due diligence materials, the Receiver requests that prospective buyers visit www.CrawfordALFReceivership.com to obtain the confidentiality agreement and return the agreement to CrawfordALFRceivership@hcmpllc.com.

Interested parties are requested to submit expressions of interest to CrawfordALFreceivership@hcmpllc.com on or before June 9, 2023.