CHICAGO — Ziegler has arranged the sale of Bethesda Rehab & Senior Care, a 135-bed skilled nursing facility in Chicago.
The four-story facility is located on a nearly two-acre parcel. For over 100 years, Bethesda has had a presence in the Chicagoland area and the community has developed a reputation for providing short-term rehabilitation, long-term skilled nursing care, respite care and Alzheimer’s care to seniors throughout the greater northern Chicagoland area.
Bethesda was previously a part of Norwood Crossing, founded in 1896, whose main residential campus in Chicago’s Norwood Park neighborhood specializes in assisted living, skilled nursing, rehab, respite stays and memory support.
A Midwest owner-operator with control of several thousand beds purchased the property and partnered with Pearl Healthcare to operate the property. The transaction marks another sale of a nonprofit to a for-profit.
Pearl Healthcare operates more than 10 facilities in the Chicagoland area. Its regional footprint has grown steadily over the last few years, with a focus on implementing clinical programming and improving financial performance.