CCN 155704 · Shelby County, Indiana
Waldron Rehabilitation and Healthcare Center
505 N Main St, Waldron, IN 46182
Waldron Rehabilitation and Healthcare Center is a 71-bed for-profit nursing home in Waldron, Indiana, first certified for Medicare or Medicaid in 2002. CMS rates it 3 out of 5 stars overall in its September 2026 data, and it averaged 46.0 residents a day, about 65% of its certified beds. We found no FHA-insured Section 232 loan for it in HUD's healthcare endorsement database (fiscal 2001 onward).
Facility facts
- Certified beds
- 71
- Average residents per day
- 46.0 (64.8% of beds)
- Ownership type
- For profit - Corporation
- Certification
- Medicare and Medicaid
- Legal business name
- Adams County Memorial Hospital
- Certified since
- Aug 20, 2002
- 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 | 3 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 | 5 of 5 | ||
| Staffing | 2 of 5 | ||
| Total nurse hours per resident per day | 3.40 | 3.55 | 3.68 |
| RN hours per resident per day | 0.63 | 0.60 | 0.58 |
| Weekend nurse hours per resident per day | 3.08 | ||
| Nursing staff turnover | 60.0% | 45.3% | 44.9% |
| Occupancy (residents / beds) | 64.8% | 78.6% | 85.7% |
| Fines reported by CMS | None | ||
| Health deficiencies, latest standard survey | 7 (Dec 5, 2025) | ||
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). Waldron Rehabilitation and Healthcare Center meets that part today: 3 stars overall, 2 on health inspections, no abuse icon. 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 |
|---|---|---|---|
| Waldron Realty LLCOrganization | Mortgage Interest | n/a | 12/01/2025 |
| Adams County Memorial HospitalOrganization | Operational / Managerial Control | n/a | 12/01/2025 |
| Capital Finance LLCOrganization | Operational / Managerial Control | n/a | 12/01/2025 |
| Clayshire LLCOrganization | Operational / Managerial Control | n/a | 12/01/2025 |
| Forvis Mazars, LLPOrganization | Operational / Managerial Control | n/a | 12/01/2025 |
| Lt Care Acquisition CorpOrganization | Operational / Managerial Control | n/a | 12/01/2025 |
| Waldron Rehabilitation and Healthcare LLCOrganization | Operational / Managerial Control | n/a | 12/01/2025 |
| Andres, AnthonyIndividual | Operational / Managerial Control | n/a | 12/01/2025 |
| Berdugo, ShaiIndividual | Operational / Managerial Control | n/a | 12/01/2025 |
| Borne-Bauman, CandiceIndividual | Operational / Managerial Control | n/a | 12/01/2025 |
| Cherry, NicoleIndividual | Operational / Managerial Control | n/a | 12/01/2025 |
| Flueckiger, RussellIndividual | Operational / Managerial Control | n/a | 07/01/2013 |
| Lehman, ScottIndividual | Operational / Managerial Control | n/a | 12/01/2025 |
| Macklin, LarryIndividual | Operational / Managerial Control | n/a | 12/01/2025 |
Holders of a 5% or greater mortgage interest reported in the enrollment record: Waldron Realty LLC.
Changes of ownership
| Effective | Buyer | Seller |
|---|---|---|
| Dec 1, 2025 | Adams County Memorial Hospital | Major Hospital |
HUD Section 232 loans
No FHA-insured loan matching this facility appears in HUD's database of healthcare endorsements, which covers fiscal 2001 onward (HUD data run of July 8, 2026). A loan could still exist under a different project name or from before 2001.
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.