Skilled Nursing News July 19, 2024
Evans Senior Investments (ESI) brokered the sale of two family-owned and operated skilled nursing communities, located in Northern Indiana.
Pilgrim Manor, located in Plymouth, has been a cornerstone of the community since its establishment in 1969, and underwent a significant renovation in 2012. The facility offers 78 skilled nursing beds, including 40 private rooms. Despite experiencing financial challenges and a 73% occupancy rate at the time of sale, the facility maintained an impressive 4-star rating. ESI’s marketing highlighted Pilgrim Manor’s strong reputation and its potential for a financial turnaround, presenting it as an attractive investment opportunity.
The Chase Center, situated in Logansport, has been a vital part of the community since it opened its doors in 1978. The facility...
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