Good Samaritan Sells its SNFs in New Mexico

Evangelical Lutheran Good Samaritan Society (known as “Good Sam” in its home town of Sioux Falls, South Dakota) recently sold two skilled nursing facilities in New Mexico to a Southern California-based private investor looking to expand in the Land of Enchantment.

The facilities totaled 150 skilled nursing beds and 25 independent/assisted living units. Both were well maintained, and one recently underwent a major renovation. Not only were they deemed non-core by their not-for-profit parent, they were inconveniently located on opposite sides of the state in Aztec and Lovington.

Last year Good Samaritan merged with Sanford Health, one of the largest health systems in the country with 45 hospitals, 289 clinics and 48 long-term care facilities in nine states and three countries. The Society wasn’t small, either. At the time of the merger in June 2018, it operated more than 200 senior living and skilled nursing facilities in 24 states. Now there are two fewer.

 

 

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