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 […]

Citing Regulatory Challenges, Drug Rehab Operator Backs Out of Nursing Home Lease

Rosecrance Health Network, a non-profit behavioral health provider, decided last week against leasing a wing of the Champaign County Nursing Home in Urbana, Ill., for use as a temporary residential addiction treatment center. The Illinois Department of Public Health (DPH) took too long in deciding whether or not to approve the lease, which would have started April […]