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Sunday, November 24, 2024

Who owned East Bank Center, LLC in Q4 2023?

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CMS Principal Deputy Administrator and Chief Operating Officer Jonathan (Jon) Blum | thepcc.org

CMS Principal Deputy Administrator and Chief Operating Officer Jonathan (Jon) Blum | thepcc.org

As of the fourth quarter of 2023, East Bank Center, LLC was owned by Advanced Management Company, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Winnebago County, has been owned by Advanced Management Company since Jan. 1, 2020.

East Bank Center, LLC is registered as a for-profit facility.

During that period, the nursing home boasted an overall rating of five from the CMS, which is higher than the average of 2.6 recorded for nursing homes in Illinois. CMS ratings evaluate nursing homes based on critical aspects such as health inspection outcomes, staffing levels, and the quality of care provided to residents.

According to the data, East Bank Center, LLC aided an average of 31.2 residents per day during the fourth quarter of 2023, with a total of 54 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, East Bank Center, LLC achieved a zero-incident record for fines and penalties.

In total, there were 10 for-profit nursing homes in Winnebago County, Illinois.

According to US Census data, in 2020, nearly 1 in 6 Americans were aged 65 years or older. Since 1920, the older population skyrocketed from 4.9 million to 55.8 million, reflecting a growth rate of roughly 1,000%, five times higher than the average growth for the overall U.S. population.

A 2021 study suggests that nearly half of this age group, roughly 28 million individuals, may require long-term services and support. Additionally, the study projects that over a third of them may eventually need nursing home care.

“Living a long life is something that many of us want and could get,” said Jesse Slome, executive director of the American Association for Long-Term Care Insurance, an insurance education group. “But when we live a long life, the chances of us needing long-term care increase exponentially. But when you need that type of care, there are limited options.”

Nursing Homes in Winnebago County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Alden Debes Rehabilitation and Health Care CenterAlden Realty Services, Inc.For profit - Corporation3171.1
Alden Park StrathmoorAlden Realty Services, Inc.For profit - Corporation3141.3
Alpine Fireside Health CenterJohannes L. Oksnevad Trust No 2003For profit - Corporation529.5
Amberwood Care CentreJonathan Aaron, Kenneth Ripstein, Todd Stern 2015 Trust, and Chananel TellerFor profit - Corporation3121.2
Ascension Saint Anne PlacePresence Care Transformation CorporationNon profit - Church related296.6
East Bank Center, LLCAdvanced Management CompanyFor profit - Limited Liability company531.2
Fair Oaks Rehabilitation and HealthcareJCT Investments, LLC, Joseph Tutera, and Tutera Investments, LLCFor profit - Corporation263.4
Forest City Rehabilitation and Nursing CenterShimon Webster, Moshe Blonder, Yeruchom Levovitz, Aharon Singer, Atied Associates, LLC, and Fredsign Holdings I, LLCFor profit - Corporation1170.4
Medina Nursing CenterHolgeir OksnevadFor profit - Individual447.1
Mercyhealth Javon Bea Hospital -Skilled Nursing FacilityMercy Health CorporationNon profit - Corporation52.7
PA Peterson at the CitadelJonathan Aaron and Kenneth RipsteinFor profit - Corporation2120.6
Rock River Health CareMoshe Blonder, Shimon Webster, Aharon Singer, SMF Healthcare, LLC, Yeruchom Levovitz, and Wissati Irrevocable TrustFor profit - Limited Liability company167.5

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