Quantcast

Peoria Standard

Saturday, May 4, 2024

Who owned The Loft Rehabilitation of East Peoria in Q4 2023?

Webp 25x0qsb6fzqa2r2dwd87cezkwz3l

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, The Loft Rehabilitation of East Peoria was owned by NH Operator Holdings VII, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Tazewell County, has been owned by NH Operator Holdings VII, LLC since June 1, 2021.

The Loft Rehabilitation of East Peoria is registered as a non-profit facility.

During that period, the nursing home had an overall rating of three 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, The Loft Rehabilitation of East Peoria aided an average of 108.5 residents per day during the fourth quarter of 2023, with a total of 120 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, The Loft Rehabilitation of East Peoria spent a total of $1,638 in two fines and suffered two penalties.

In total, there were three non-profit nursing homes in Tazewell 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 Tazewell County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Accolade HC of East PeoriaShmuel Freedman and Moshe FreedmanFor profit - Corporation156.3
Aperion Care Morton VillaDavid a Berkowitz Rvoc Trustee David Berkowitz Ttee and Yosef Meystel Declaration of Trustee of Yosef Meystel TteeFor profit - Limited Liability company175.9
Fondulac Rehabilitation and Health Care CenterMark PetersenFor profit - Corporation161.3
Hallmark Healthcare of PekinCrest Illinois Holdco II, LLC and Eric ClarkFor profit - Corporation360.4
Pekin ManorUnlimited Development, Inc.Non profit - Corporation285.9
The Loft Rehabilitation of East PeoriaNH Operator Holdings VII, LLCNon profit - Corporation3108.5
Timbercreek Rehabilitation and Healthcare CenterMark PetersenFor profit - Corporation181.5

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS