The state of Wisconsin was notified Friday that a skilled nursing facility formerly operated by Dycora Transitional Health and Living — and currently in receivership — will be closing next year.
The Milwaukee Journal Sentinel first reported the news.
The state Department of Health Services had previously approved the SNF’s relocation plan for residents. The facility, which has 37 full-time and four part-time employees, will close by March 7, according to the Journal Sentinel.
Dycora Transitional Health — Colonial Manor in Glendale, Wis. was one of eight in Wisconsin operated by Dycora that were put into receivership in April of this year under the auspices of Michael Polsky, a director at the Milwaukee law firm of Beck, Chaet, Bamberger & Polsky. The other seven have emerged from the receivership process — in which a third-party trustee is appointed by a court to oversee the assets or operations of a struggling company — under the permanent operation of new provider Bedrock Healthcare LLC.
“We certainly did the best we could to try to find a new operator,” Polsky told the Journal Sentinel. He added that other SNFs in the Milwaukee area have excess beds that can take the residents.
The eight Wisconsin facilities were put into receivership after Golden Living, which owns the properties through various affiliates, claimed that Dycora defaulted on its leases by failing to pay base rent in its initial receivership complaint. Polsky indicated at the time of the receivership that he intended to use his role to improve the finances of the SNFs in preparation for a future sale.
Wisconsin is among the many states where SNFs are affected by major shortfalls in Medicaid reimbursement, which has set off a wave of financial unrest and closures; one study from the provider group LeadingAge Wisconsin found that the number of state residents who need SNF care will exceed bed supply by 2027, while the Wisconsin Health Care Association, another provider organization, tallied 30 shuttered SNFs in the Badger State since 2016.
In 2017, Fortis Management Group filed for receivership; the company operated 60 skilled nursing and five assisted and independent living facilities spread across Wisconsin, Michigan, Minnesota, Oregon, Idaho, and Washington at the time.
Last year, Atrium Health and Senior Living announced that it reached an agreement to have a receiver appointed for 33 SNFs and assisted living properties in Wisconsin and Michigan; North Shore Healthcare and Synergy Senior Care LLC eventually took over separate groups of those properties on a formal basis earlier this month.