Beaver Dam nursing home under new management; buyer sought

April 5, 2019

A Beaver Dam nursing home will be under new management as it goes through receivership, a process that could end in new ownership of the facility.

Dycora Transitional Health and Living Center, 410 Roedl Court, Beaver Dam, is among eight Wisconsin skilled care nursing facilities that will be operated by Golden Living affiliate Menominee River. The others are located in Abbotsford, Beaver Dam, Fort Atkinson, Muscoda, Watertown, Greendale and two in Glendale.

Michael Polsky, an attorney with Beck, Chaet, Bamberger & Polsky, was appointed April 4 by the Milwaukee County Circuit Court to act as the receiver for the eight nursing facilities. He selected the new operator.

Polsky said in a press release that having the facilities placed into receivership allows them to maintain normal business operations until new owners can be identified to take over the business. He added that a court-appointed receiver has the responsibility to continue the facility operations, and he said that his goal will be to put the facilities in a stronger position for a potential future transaction.

“Working with Golden Living, our joint goal will be to provide the resources, support and expertise needed to allow all of the facilities to focus on delivering quality care and services to the residents. We will maintain normal business operations, retain all staff and allow the eight facilities to operate without any interruption so that the important care they provide can continue,” Polsky said.

Polsky said there is a plan in place to help ensure all payroll and benefits are provided to employees and that vendors are paid for ongoing services on a timely basis for the services rendered during the receivership process.

He said Menominee River has an “excellent track record of delivering quality care to elderly residents in dozens of states across the country and in various settings, ranging from assisted and independent living to skilled nursing and rehabilitation facilities.”

Polsky added that he selected the Golden Living affiliate for this assignment because the company previously owned all eight facilities before leasing them to Dycora in early 2017.

“The health, safety and the comfort of the residents will be the primary concerns going forward,” said Wanda Prince, senior vice president of operations for Golden Living. “Our top goal at this time is to ensure that residents continue to receive seamless quality care in the centers from the staff they have come to know.”