PLYMOUTH and LOGANSPORT, Ind. — Evans Senior Investments (ESI) has arranged the sale of two skilled nursing communities that were family-owned and operated in Northern Indiana.
Pilgrim Manor, located in Plymouth, was built in 1969, with a significant renovation in 2012. The facility offers 78 skilled nursing beds, including 40 private rooms. Despite experiencing financial challenges and a 73 percent occupancy rate at the time of sale, the facility maintained an four-star CMS rating.
Chase Center, situated in Logansport, opened in 1978. The facility offers a total of 101 skilled nursing beds, including 15 private rooms. At the time of marketing, the community faced significant challenges, including a low occupancy rate of 44 percent and a one-star rating from CMS. Additionally, Chase Center had been undergoing extensive renovations since the onset of the COVID-19 pandemic. The renovation process was successfully completed in June 2024.
During the transaction process, both communities had to receive newly issued Medicare and Medicaid billing numbers, given pre-existing issues with the prior hospital partnership. This created a significant regulatory hurdle, and ESI worked with both parties to navigate the challenges and receive newly issued billing numbers before closing.
The buyer, seller and price were not disclosed.