76-patient Hale ‘Oma’o no longer family-owned The 76-bed Hale ‘Oma’o nursing facility has been sold for just over $4.3 million. Ben Aranio Sr., who has owned and operated Hale ‘Oma’o with wife Mary and family for many years, said yesterday
76-patient Hale ‘Oma’o no longer family-owned
The 76-bed Hale ‘Oma’o nursing facility has been sold for just over $4.3 million.
Ben Aranio Sr., who has owned and operated Hale ‘Oma’o with wife Mary and family for many years, said yesterday it’s time to retire. He referred all other questions to Richard Kishaba, owner and president of Garden Island Healthcare Management Co., the new owner.
Kishaba’s company has managed Hale ‘Oma’o, a long-term-care facility, since May under a management agreement.
Kishaba didn’t return a phone call Tuesday seeking comment.
The ownership change and conversion from intermediate care facility (ICF) to skilled nursing facility/ICF requires approval from the state Health Planning and Development Agency (SHPDA).
The switch from ICF would mean patients won’t have to move to another facility when their level of care changes. Hale ‘Oma’o already can meet the skilled nursing requirements, according to the application.
A public meeting on the application will only be held if someone requests one and can show good cause why such a meeting should take place, according to officials. Otherwise, the decision on approval or denial of the application rests solely with Marilyn A. Matsunaga, SHPDA administrator. The agency is part of the state Department of Health.
Under the sale agreement, Garden Island Healthcare Management acquires all the assets of Hale ‘Oma’o, including land, buildings and equipment. The new owner will take over payments on a $2.4 million loan with First Hawaiian Bank and pay the Aranio family $1.9 million over several years.
Kishaba, head of Garden Island Healthcare Management, owns and operates Ann Pearl Nursing Facility in Kaneohe on Oahu, which has 94 beds for long-term care, and he manages Leeward Integrated Health Services, a 93-bed facility in Waianae on O’ahu.
Hale ‘Oma’o employs 25 nurses.
The new owner of Hale ‘Oma’o projects $4,727,874 in revenue and $4,498,116 in expenses the first year, for a net income of $229,758, according to the application.
Kathie Taylor, formerly administrator of Kaua’i Care Center in Waimea, is administrator of Hale ‘Oma’o. The facility, located on ‘Oma’o Road, will undergo a name change with input frm patients and staff, according to information filed with the state.
Staff Writer Paul C. Curtis can be reached at mailto:pcurtis@pulitzer.net or 245-3681 (ext. 224).
