Des Moines, IA (Iowa Capital Dispatch) — The Iowa Capital Dispatch website is reporting the former owners of six Iowa nursing home facilities is suing the operator – Accura – for 2.1 million dollars in back rent. Three of them are in Northwest Iowa: Spirit Lake and Milford here in the Corridor, and Bancroft in Kossuth County. The others are in Carroll, Cresco, and Marshalltown.

The entities are listed as Summit Healthcare Operating Partnership of California and Fantasia Investment of the Cayman Islands. I.C.D. quotes court documents alleging the six locations fell behind on payments in 2022 and 2023, and instead of pursuing foreclosure, the plaintiff agreed to restructure the debt and take payments over 18 months commencing in January of 2024. Summit and Fantasia appear to have sold the nursing homes to a new buyer in 2025 but say they are still entitled to the back-payments. Summit is asking the court to order an immediate 10 percent payment to them – 240 thousand dollars; and Fantasia is asking for 8.5 percent immediately – 204 thousand.

Iowa Capital Dispatch quotes a statement offered to them from the nursing home operator saying the lawsuit will have “no impact whatsoever on our day-to-day operations, our broader network of locations, or our financial stability.”

The website says Accura Healthcare operates twenty-seven care facilities in Iowa and at least thirteen more in Minnesota, South Dakota, and Nebraska.