BUFFALO, N.Y. — Kaleida Health’s plan to sell its HighPointe on Michigan long-term care facility shouldn’t be surprising.
The ownership transition of nursing homes and assisted living facilities across the region have been shifting from counties, nonprofit groups and hospitals for a decade.
Kaleida CEO Jody Lomeo told employees last week in an email the system has lost $80 million since opening its HighPointe facility in Buffalo in 2011 and would pursue a buyer or operator for its long-term care business. That business line also includes a 80-bed facility at DeGraff Memorial Hospital in North Tonawanda. You can read more on Buffalo Business First's website.