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Annual meeting of Traer Nursing Care Center, Inc. held October 12

November 3, 2011
Traer Star-Clipper

The Traer Nursing Care Center, Inc. held its annual meeting at Sunrise Hill Care and Rehab Center Wednesday, October 12th. President Stanley Hladik called the meeting to order and Secretary James Owens reported there was a quorum present by proxy and person.

Don Stansbery of Stansbery & Co., CPA reviewed the financial statements and answered questions. The investment in the assisted living facility is beginning to bring positive results. The book value per share of stock rose again the past year, from $274 to $287.

Administrator Linda Bevins gave a review of the past year. She reminded everyone that the facilities are a Continuing Care Retirement Community with Sunrise Hill Care and Rehab Center, Sunrise Terrace independent living and Sunrise Assisted Living Suites. Occupancy at Sunrise Hill averaged 93% the past year.

Traer Nursing Care Center continues to be one of Traer's largest employers. Currently there are 84 employees, 46 are licensed nurses or certified nurse aides. Annual payroll is over $2 million. Sunrise Hill also offers physical, occupational and speech therapy to residents as well as to out-patients from Traer and surrounding communities.

Sunrise Suites Assisted Living Suites has now been open two years and has 15 apartments. Currently all are filled except one 1-bedroom unit.

Traer Nursing Care Center was named "best of the best" in North Tama county in the categories of Best Nursing Home, Best Rehab Center and Best Retirement Home.

Director of Nursing Kathy Kvidera shared some remarks about the pleasant work environment and dedicated staff. President Hladik ended the meeting with the announcement that the board of directors had declared a $2 per share dividend. For anyone interested in buying stock, it comes up for sale periodically in the local newspapers or contact Darlys Hulme at Farmers Savings Bank and Trust for more information.

Coffee, punch and cookies were served after the meeting adjourned.



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