A city-owned senior care facility in Chetak, Wisconsin that was losing money sold to a New Jersey-based owner/operator rapidly growing its presence in the Badger State. The property features both a 97-bed skilled nursing facility that the City of Chetak built in 1963 and an adjoining 14-unit assisted living community that was added in 1997. Plus, there was a 2010 remodel of the kitchen, dining room, staff and resident lounges and the hallways throughout the building. However, occupancy had been falling in the previous years at the SNF, and the facility was losing money, compared to the assisted living, which posted positive net income. Occupancy stood at 86% at the SNF, with a 30% quality mix, and 95% at the all-private pay assisted living community. The purchase price came to $3.1 million, or approximately $28,000 per bed/unit, and Evans Senior Investments handled the transaction. Atrium Health and Senior Living, which owns and operates post-acute care centers and senior living communities in Michigan, New Jersey and Wisconsin, stepped in as the buyer, something we have heard a lot lately. Just last month, we wrote of Atrium purchasing a 99-bed skilled nursing facility in Oconto Falls, Wisconsin, which followed the company’s 23-property (17 SNFs and six senior living communities) acquisition in Wisconsin from Rice Health Care Facilities back in 2014.