Former Advocate Aurora CEO buys Chenequa home for $4.23 million

House totals 5,700 square feet, has six bedrooms

Photo courtesy of realtor.com
Photo courtesy of realtor.com

Last updated on April 29th, 2020 at 03:10 pm

The former chief executive of the state’s largest health care provider has purchased a house in the village of Chenequa for nearly $4.23 million, according to state records.

The 5,700-square-foot home on Pine Lake has six bedrooms and eight total bathrooms, including five full bathrooms and three partial bathrooms, according to online listings. The home sits on a 3-acre site.

The property has an assessed value of about $2.67 million, according to Waukesha County records.

Nick Turkal, former co-CEO of Advocate Aurora Health, and his wife Kathleen Turkal, purchased the 19-year-old house from Mary and Thomas J. Rolfs Jr., according to state records.

Nick Turkal, a former physician, led Milwaukee-based Aurora Health Care as its CEO since 2006. He then co-led Advocate Aurora along with Jim Skogsbergh from April 2018 following Aurora’s merger with Illinois-based Advocate Health Care. He remained in that role until last summer, when the health care system announced Skogsbergh would become its sole president and CEO.

Advocate Aurora is among the ten largest nonprofit health care systems in the United States. It has dual headquarters in Downers Grove, Illinois and Milwaukee.

Thomas J. Rolfs Jr. is a partner with Delafield-based private equity firm Red Top Capital LLC. He serves on the board of directors for several portfolio companies controlled by Red Top Capital. Previously, he worked for Robert W. Baird for more than 20 years in the institutional bond sales department.

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Alex Zank
Alex Zank covers commercial and residential real estate for BizTimes. Alex previously worked for Farm Equipment magazine and also covered statewide construction news at The Daily Reporter. He graduated from the University of Wisconsin-Eau Claire, where he studied journalism, political science and economics. Having grown up in rural western Wisconsin, Alex loves all things outdoors, including camping, hiking, four-wheeling and hunting.