Skyline Health, which recently saw two of its 21 skilled nursing facilities in Arkansas put into receivership, is leaving the nursing home business.
“Skyline has made a business decision to transition away from the skilled nursing facility industry,” Michael Kosowski, a spokesman for Skyline, said in an email to Arkansas Business last week.
Kosowski said Skyline, of Wood-Ridge, New Jersey, is going through a change of ownership process for the Arkansas facilities, but declined to say which company would take control of the properties.
In April, Skyline entered into a management agreement with Infinity Healthcare Management of Illinois to operate eight skilled nursing homes and one assisted living facility that Skyline managed in Arkansas.
On May 4, the Arkansas Department of Human Services filed lawsuits to put Skyline’s Spring Place Health & Rehab in Hazen and Dierks Health & Rehab into receivership after concerns surfaced over the company’s finances and its ability to provide food to residents. It was the first time since the 1980s that DHS had sued to take control of a nursing home.
An affiliate of Reliance Health Care Inc. of Conway was appointed on May 4 to manage those two nursing homes.
Read the full story at Arkansas Business.