Nonprofit operator Lutheran Life Communities is filing for Chapter 11 bankruptcy as it seeks to reorganize its operations and financial holdings. The organization is a major nursing home provider in the Chicago metropolitan area, with the Lutheran Home in Arlington Heights offering more than 380 beds, according to the 2024 LZ 200 rankings of nonprofit […]
Privately owned real estate and private equity firm Pacifica Companies has added more than 560 skilled nursing beds to its portfolio in the $180.5 million acquisition of a 15-community portfolio from Retirement Housing Foundation, which is pivoting away from post-acute care. That’s according to an April 19 press release from Chicago-based specialty investment bank Ziegler, […]
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