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Nursing home’s future hinges on $10 million plan PDF Print E-mail
Written by BILL SCHANEN IV   
Wednesday, 28 May 2014 18:53

Renovations seen as key to improving care, keeping Lasata Care Center financially viable head to County Board

    That which once divided the Ozaukee County Board — a plan to invest $10 million in the Lasata Senior Living Campus — now has significant support heading into a series of votes that could determine the fate of the county’s 28-year-old nursing home.

    The board is scheduled to vote next week on a proposal to borrow $10.3 million to renovate Lasata Care Center in Cedarburg to create a smaller, efficient nursing home that provides more comfortable and dignified care for the county’s oldest residents.

    But what makes the plan politically viable is its financial ramifications.

    Without the renovations, the nursing home will bleed cash at the rate of $717,000 a year, sapping revenues generated by the other components of the campus — the Lasata Heights apartments and Lasata Crossings assisted-living facility — and saddling the county with an annual deficit, according to an analysis by Horty Elving, a Minneapolis-based architectural and engineering firm hired by the county.

    With the renovations, however, the nursing home’s losses will be held to about $286,000 a year. That deficit will be negated by the $657,000 in annual revenue generated by the Heights and Crossings, leaving the senior-living campus with an annual average profit of $371,000, according to Horty Elving.

Last Updated on Wednesday, 28 May 2014 18:56
 
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