CCN 155525 · Dearborn County, Indiana
Shady Nook Care Center
36 Village Drive, Lawrenceburg, IN 47025
Shady Nook Care Center is a 94-bed for-profit nursing home in Lawrenceburg, Indiana, first certified for Medicare or Medicaid in 1994. CMS rates it 1 out of 5 stars overall in its September 2026 data, and it averaged 88.1 residents a day, about 94% of its certified beds. It has an active FHA-insured Section 232 loan: $12.9 million originally, at 5.82%, with $12.7 million outstanding as of September 30, 2026 and maturity in December 2059.
Facility facts
- Certified beds
- 94
- Average residents per day
- 88.1 (93.7% of beds)
- Ownership type
- For profit - Corporation
- Certification
- Medicare and Medicaid
- Legal business name
- Adams County Memorial Hospital
- Certified since
- May 9, 1994
- Chain or affiliated group
- Adams County Memorial Hospital (9 facilities, chain average 2.9 stars)
- Location
- Urban
Ratings and staffing
Star ratings run from 1 to 5. Staffing is nurse hours per resident per day from CMS Payroll Based Journal data; turnover is the CMS annual nursing staff turnover rate. Occupancy is CMS's average daily census divided by certified beds.
| Measure | This facility | Indiana median | US median |
|---|---|---|---|
| Overall rating | 1 of 5 | State spread: 90 at 1, 99 at 2, 83 at 3, 113 at 4, 119 at 5 | |
| Health inspections | 2 of 5 | ||
| Quality measures | 4 of 5 | ||
| Staffing | 1 of 5 | ||
| Total nurse hours per resident per day | 2.97 | 3.55 | 3.68 |
| RN hours per resident per day | 0.75 | 0.60 | 0.58 |
| Weekend nurse hours per resident per day | 2.43 | ||
| Nursing staff turnover | not reported | 45.3% | 44.9% |
| Occupancy (residents / beds) | 93.7% | 78.6% | 85.7% |
| Fines reported by CMS | None | ||
| Health deficiencies, latest standard survey | 7 (Jan 6, 2026) | ||
HUD 223(f) Express Lane: the CMS part
HUD gives 223(f) applications queue priority when the facility has CMS overall and health inspection ratings of at least 2 stars and no abuse icon, among other tests (ORCF criteria of March 31, 2026). Shady Nook Care Center does not meet it today: overall rating 1. The loan-to-value, coverage and operator tests depend on the deal. All the criteria.
Who owns and operates it
These are the owners and operators the facility reported to CMS: anyone with a 5% or greater direct or indirect stake, and any organization with operational or managerial control.
| Name | Role | Share | Since |
|---|---|---|---|
| Greystone Funding Company LLCOrganization | Mortgage Interest | n/a | 09/01/2020 |
| Adams County Memorial HospitalOrganization | Operational / Managerial Control | n/a | 09/01/2020 |
| Shady Nook Operations LLCOrganization | Operational / Managerial Control | n/a | 09/01/2020 |
| Boltz, LindseyIndividual | Operational / Managerial Control | n/a | 09/01/2020 |
| Borne-Bauman, CandiceIndividual | Operational / Managerial Control | n/a | 09/01/2020 |
| Flueckiger, RussellIndividual | Operational / Managerial Control | n/a | 09/01/2020 |
| Lehman, ScottIndividual | Operational / Managerial Control | n/a | 09/01/2020 |
| Macklin, LarryIndividual | Operational / Managerial Control | n/a | 09/01/2020 |
| McIntire, DavidIndividual | Operational / Managerial Control | n/a | 09/01/2020 |
| Radadiya, PragneshkumarIndividual | Operational / Managerial Control | n/a | 11/01/2020 |
| Smith, ScottIndividual | Operational / Managerial Control | n/a | 09/01/2020 |
| Sprunger, KyleIndividual | Operational / Managerial Control | n/a | 09/01/2020 |
| Wheeler, DaneIndividual | Operational / Managerial Control | n/a | 09/01/2020 |
Holders of a 5% or greater mortgage interest reported in the enrollment record: Greystone Funding Company LLC.
Changes of ownership
| Effective | Buyer | Seller |
|---|---|---|
| Sep 1, 2020 | Adams County Memorial Hospital | Dearborn County Hospital |
HUD Section 232 loans
HUD's Office of Healthcare Programs lists these FHA-insured loans for a project we matched to this facility by name, city and bed count. Status, rate and balance come from HUD's insured-mortgage files as of September 30, 2026. Check the FHA number against the loan documents before relying on the match.
| Endorsed | Program | Original amount | Status | FHA number |
|---|---|---|---|---|
| Nov 21, 2024 | 223(f) refinance or purchaseHUD project name: Shady Nook, 94 beds. Lender at endorsement: Greystone Funding Company LLC | $12,893,600 | Active: 5.82%, $12,685,618 balanceMatures Dec 1, 2059. Servicer: Greystone Servicing Company | 07322359 |
Sources and dates
Facility, rating, staffing and ownership data: CMS Provider Information and CMS Ownership, processing date September 2026. Private equity, REIT and mortgage-interest flags and changes of ownership: CMS Skilled Nursing Facility All Owners and Change of Ownership files (2026-10-01). FHA-insured loans: HUD Office of Healthcare Programs endorsement database, data run July 8, 2026. How we join them, and what the join can get wrong: methodology.
SNF Register is independent. It is not affiliated with or endorsed by CMS, HUD or FHA. Spotted an error? Write to hello@hudskillednursing.loan.