The Stephenson County Board meeting on June 18, 2025, focused on the approval of a letter of intent for the potential sale of the Stephenson Nursing Center to Serenity Estates LLC. The board discussed the implications of this nonbinding agreement, which would prevent the county from negotiating with other parties for 30 days while Serenity Estates conducts due diligence.

During the meeting, board members raised questions about the legal and procedural aspects of the sale. The county's attorney clarified that the letter of intent does not obligate the county to sell the nursing home but allows for a period of exclusive negotiation. The board also discussed the need for an appraisal of the nursing home to ensure fair market value, as well as the potential hiring of outside legal counsel to navigate the complexities of the sale.

Serenity Estates, represented by managing partners Dr. Jennifer Daugherty and John Coglini, presented their vision for the nursing home. They emphasized their commitment to maintaining all current staff and beds certified for Medicare and Medicaid, as well as their plans for capital investment to improve the facility. Daugherty highlighted their experience in stabilizing struggling nursing homes and expressed a strong belief in the importance of rural healthcare.

Concerns were raised about the financial implications of the sale, particularly regarding the potential reduction in Medicaid reimbursement rates once the facility transitions to private ownership. Serenity Estates assured the board that they had conducted financial analyses and were confident in their ability to manage the facility sustainably.

The board's discussions also touched on the future of the nursing home committee, which would remain active during the transition period if the sale proceeds. The meeting concluded with a commitment to further review the details of the proposed sale and to ensure that all board members are informed as the process moves forward.