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Sunday, December 22, 2024

Who owned Stonebridge Nursing and Rehabilitation in Q4 2023?

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CMS Chief of Stuff Erin Richardson | cms.gov/about-cms/leadership/chief-operating-officer

CMS Chief of Stuff Erin Richardson | cms.gov/about-cms/leadership/chief-operating-officer

As of the fourth quarter of 2023, Stonebridge Nursing and Rehabilitation was owned by WLC Management Firm, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Franklin County, has been owned by WLC Management Firm, LLC since March 1, 2017.

Stonebridge Nursing and Rehabilitation is registered as a for-profit facility.

During that period, the nursing home boasted an overall rating of four 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, Stonebridge Nursing and Rehabilitation aided an average of 43.1 residents per day during the fourth quarter of 2023, with a total of 80 beds available. Currently, the nursing home is not located within a hospital.

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

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

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Benton Rehabilitation and Health Care CenterMark PetersenFor profit - Individual129
Helia Healthcare of BentonStephen MillerFor profit - Corporation545.6
Stonebridge Nursing and RehabilitationWLC Management Firm, LLCFor profit - Limited Liability company443.1
Westside Rehabilitation and Care CenterMark Petersen and Sabl, LLCFor profit - Corporation145.3

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