Published on December 13, 2013
By Yosef Meystel
Yosef Meystel leads YAM Management, an Illinois nursing home property management company located in Skokie, Illinois. He holds an MBA from Indiana University at South Bend, and his management of the company has resulted in steadily increasing profits since he became its president in 2006. In addition to directing the YAM’s daily operation, Yosef Meystel develops and executes the company’s long-term strategy.
In mid-2012, YAM Management partnered with a private real estate investment trust (REIT) to acquire The Arbors, a 180-bed nursing facility in Michigan City, Indiana, from Trilogy Health Systems. According to reports published at the time, sale of The Arbors met one of Trilogy’s strategic objectives. That company’s prototype combines the skilled nursing capabilities of a traditional nursing home with assisted living facilities; however, The Arbors is strictly a skilled nursing facility.
The transaction also met a strategic objective for YAM Management – to expand outside Illinois. Just as significant, though, is the fact that the new acquisition is in Indiana, a state with a high population of Medicare beneficiaries. Built in 1972, The Arbors was operating at 80 percent of capacity at the time of its acquisition, which was announced on August 1, 2012.
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