Skilled Nursing News August 23, 2024
Evans Senior Investments (ESI) has arranged the sale of Holmes Lake Rehabilitation and Care Center, a nursing home in Lincoln, Nebraska for an undisclosed amount.
The transaction was executed on behalf of an independent owner-operator who was ready to transition out of the industry after years of service in the community, ESI said in a statement. Holmes was built in 1974 and sits on seven acres, featuring 97 skilled nursing beds spread across 51 rooms.
The property was struggling at the time of marketing, with a low occupancy rate of 61% compared to 70% to 85% in prior years. Holmes was also dealing with a 1-star rating from the Centers for Medicare & Medicaid Services (CMS); it was an indicator...
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