North Shore Completes 22-Building Atrium Deal; Dwight Closes $50.8M Financing in N.J.

North Shore Healthcare officially completed its acquisition of 21 skilled nursing and assisted living facilities formerly operated by Atrium Health & Senior Living. The Glendale, Wis.-based North Shore now has 71 SNFs and assisted living communities in Wisconsin, Michigan, Minnesota, and North Dakota, according to the operator’s December 1 announcement. Atrium had 33 SNFs and […]

Bottom Line: How One CFO’s Retail, Hospitality Background Led to Skilled Nursing Turnaround Success

Robert Specht had spent years at the financial helm of companies in a variety of spaces, but he was a post-acute and long-term care newcomer when he accepted a crash course in the business: a consulting position for a 33-building senior housing and care chain in receivership. Working with Health Dimensions Group, the provider and […]

Dycora Facility in Receivership to Close Next Year as Wisconsin Nursing Home Closures Continue

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 […]

Why a Small Operator Took a Chance on Seven Former Dycora Nursing Homes in Receivership

Formed only last year, a small skilled nursing operator with a presence in the South recently made a significant push into Wisconsin, taking over seven properties out of receivership. When Bedrock Healthcare LLC, founded in part by former nursing home administrator Kenny Nichols, assumed operations of the facilities early last month, the move substantially expanded […]

Four Atrium Skilled Nursing Facilities in Receivership Close in Wisconsin

Four skilled nursing facilities formerly operated by Atrium Health and Senior Living have closed. The four properties have been under the receivership of Michael Polsky since September, when a court approved the transfer of 33 SNFs and assisted living properties amid financial issues. “Our main focus at this time is to stabilize the company and […]

14-SNF Portfolio Sells for $60M; JV Buys County Nursing Home for $11M

County Nursing Home Sells for $11M Local lawmakers last week approved the sale of the Champaign County Nursing Home in Urbana, Ill. to a joint venture between Extended Care Clinical and Altitude Health Services. The sale price was $11 million, according to local news station WCIA, and the transaction is scheduled for completion by the […]