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Friday, November 22, 2024

Who owned Barry Healthcare and Senior Living in Q4 2023?

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CMS Administrator Chiquita Brooks-LaSure | Wikipedia

CMS Administrator Chiquita Brooks-LaSure | Wikipedia

As of the fourth quarter of 2023, Barry Healthcare and Senior Living was owned by five stakeholders, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Pike County, has been owned by them since Feb. 1, 2023.

Current Barry Healthcare and Senior Living owners are listed in the table below.

Barry Healthcare and Senior Living is registered as a for-profit facility.

During that period, the nursing home had an overall rating of two from the CMS, which is lagging behind 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, Barry Healthcare and Senior Living aided an average of 54.5 residents per day during the fourth quarter of 2023, with a total of 76 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Barry Healthcare and Senior Living spent a total of $187,275 in one fine and suffered one penalty.

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

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Barry Healthcare and Senior LivingLincoln HCG, LLC, Michael Mermelstein, Kevin Chankin, Stonewall HCG, LLC, and S. and C. Holdings Illinois, LLCFor profit - Corporation254.5
Eastside Health and Rehabilitation CenterMark PetersenFor profit - Corporation251.9

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