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Tuesday, November 5, 2024

Who owned Farmington Village Nursing in Q4 2023?

As of the fourth quarter of 2023, Farmington Village Nursing was owned by Sherwin Ray and Atied Associates, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Fulton County, has been owned by Sherwin Ray and Atied Associates, LLC since May 1, 2022.

Farmington Village Nursing 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, Farmington Village Nursing aided an average of 77.5 residents per day during the fourth quarter of 2023, with a total of 92 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Farmington Village Nursing achieved a zero-incident record for fines and penalties.

In total, there were four for-profit nursing homes in Fulton 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 Fulton County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Farmington Village NursingSherwin Ray and Atied Associates, LLCFor profit - Limited Liability company577.5
Loft Rehabilitation and Nursing of CantonAdam Aaron, Michael Aaron, Daniel Aaron, and Robert AaronFor profit - Limited Liability company359.3
Renaissance Care CenterBeth Alter Spousal Trust, Bradley Alter Spousal Trust, and Howard D. Geller TrustFor profit - Corporation555.9
The ClaybergCounty of FultonGovernment - County441.8

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