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Tuesday, November 5, 2024

Who owned Genesis Senior Living 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, Genesis Senior Living was owned by five stakeholders, according to Centers for Medicare and Medicaid Services (CMS).

Current Genesis Senior Living owners are listed in the table below.

Genesis Senior Living is registered as a for-profit facility.

During that period, the nursing home had an overall rating of one from the CMS, which is lagging behind the average of 2.9 recorded for nursing homes in Iowa. 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, Genesis Senior Living aided an average of 65.1 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, Genesis Senior Living spent a total of $300,762 in 12 fines and suffered 15 penalties.

In total, there were 13 for-profit nursing homes in Polk County, Iowa.

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 Polk County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Altoona Nursing and Rehabilitation CenterHoldco Goldfinch, LLCFor profit - Corporation191.1
Azria Health Park PlaceBCP Iowa Opco Holdings, LLCFor profit - Limited Liability company148
Bishop Drumm Retirement CenterSylvania Franciscan HealthNon profit - Church related1108.5
Brio of Johnston, LLCWesleylifeNon profit - Corporation333.7
Edgewater, a Wesleylife CommunityWesleylifeNon profit - Corporation537.6
Fleur Heights Center for Wellness and RehabilitationKevin Babb and Robert ConnerFor profit - Limited Liability company183.9
Genesis Senior Living10-26 Nationwide Trustee, Judah Bienstock, GST Skilled Nursing Facility, LLC, HM Resources, LLC, and Sher Skilled Nursing Facility, LLCFor profit - Limited Liability company165.1
Karen Acres Care CenterCrystal Even and Randall LangeFor profit - Corporation530.2
Kennybrook VillageScenic Development, LLC and Scenic Holdings, LLCFor profit - Corporation538.2
Parkridge Specialty CareCare InitiativesNon profit - Corporation178.6
Pine Acres Rehabilitation and Care CenterLeibel Gutman, Akiko Ike, Yisroel Kaplan, Brian Kohn, and Moshe RosenblattFor profit - Corporation175.2
Prairie Vista VillageScenic Development, LLC and Scenic Holdings, LLCFor profit - Limited Liability company544.8
Ramsey VillageClaremont House, Inc.Non profit - Corporation363.5
Rehabilitation Center of Des MoinesGateway Healthcare, Inc.For profit - Corporation169.3
Sunny View Care CenterMark Kilian, David Osthus, and Ramon OsthusFor profit - Corporation379.6
The Bridges at AnkenyJohn Grubb, Douglas Johnson, Linda Juckette, and Stephen R. Grubb Construction, Inc.For profit - Limited Liability company584.4
University Park Nursing and Rehabilitation CenterHoldco Goldfinch, LLCFor profit - Corporation190
Urbandale Health Care CenterHoldco Prairie Rose, LLCFor profit - Limited Liability company282.1
Valley View VillageElim Care, Inc.Non profit - Corporation471.9
Wesley AcresWesley Retirement Services, Inc.Non profit - Corporation274.9

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