WEST BEND, Wis. — Evans Senior Investments (ESI) has arranged the sale of Samaritan Health Center, a county-owned facility in West Bend, approximately 30 miles north of Milwaukee.
The community was originally built in 1969 and renovated in 2009. The facility offers three licensed programs: a skilled nursing facility, an assisted community-based residential facility (CBRF), and a supportive living, apartment-style residential care apartment complex (RCAC). Altogether, the center provides 186 beds, including 131 skilled nursing beds, 24 RCAC beds and 31 CBRF beds.
At the time of marketing, Samaritan Health Center faced several key challenges. The facility had a low occupancy rate of 33 percent and was struggling with negative cash flows. Additionally, it needed substantial renovations, and the county had difficulty recruiting and retaining nursing staff. These issues were further compounded by the fact that reimbursement rates had not kept up with rising costs for many years, worsening the financial situation.An independent owner-operator was selected as the buyer. The price was not disclosed.