(Undated)– A lawsuit filed by Summit Healthcare Operating Partnership of California and Fantasia Investment of the Caymen Islands claims a group of six Iowa nursing homes owes them more than $2.1 million in back rent. Those nursing homes are operated by Accura Healthcare. Facilities in Milford and Spirit Lake are among those named in the suit. The others are in Bancroft, Carroll, Cresco, and Marshalltown.
The plaintiffs allege that in 2022 and 2023, the six facilities fell behind on rent payments. They further allege the affected facilities reneged on an agreement to pay back the debt, and that they now owe more than $2.1 million.
The Iowa Capital Dispatch reports that Summit and Fantasia sold their interest in the group that owned and rented the facilities to Accura in August, 2025. As part of the deal, Summit and Fantasia were assigned an interest in the unpaid back rent in proportion with their previous stake in the group.
Accura argues that because the deal between the owners relates to the collection of back rent, they have a right to enforce the terms of that agreement, which Accura claims, calls for another 18-month repayment plan that would begin in January 2027. Summit and Fantasia argue that Accura’s position “makes no sense and is completely unsupported under Iowa law”. They contend the contract with the ownership group does not obligate them to offer the extended repayment plan and instead merely allows Summit and Fantasia to offer Accura such a deal if they choose to do so.
Summit wants immediate payment of 10 percent of the owed rent, or $240,484. Fantasia is demanding payment of 8.5 percent, or $204,412.
In a statement responding to the lawsuit, Accura states the matter is “isolated to a small handful of our Iowa facilities”, adding it will not impact day-to-day operations and that their priority remains on providing continuous, high-quality care to residents.
