With a stable occupancy and rising Medicare revenues, a 94-bed skilled nursing and memory care facility in Lawrenceburg, Indiana represented a good opportunity for a local undisclosed buyer to both cash in on the 19% operating margin, and improve it. Originally built in 1984 with 35 semi-private and 12 private units, the facility provides a wide array of services, including physical therapy, nursing complex care, dementia care and social services. In 2010, it underwent a $395,000 renovation mainly to the private-room wing in order to attract Medicare rehab patients. Thanks in part to the facility’s relationship with the local hospital (which had 1,779 Medicare patients with a mean length of stay of 4.65 days), cash flow improved significantly. From 2013 to the trailing 12-months ending March 31, 2015, the operating margin increased from 12.2% on $5.67 million of revenues to 17.5% on $6.69 million of revenues. In that same period, the Medicare census increased from 13% to 17%, revenues from Medicare Part A increased by 45% and Medicare Part B revenues more than doubled. Overall quality mix currently stands at 30%, with occupancy at 91%, based on 82 functional beds. Evans Senior Investments handled the transaction.