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Will County Gazette

Saturday, May 4, 2024

Who owned The Pearl of Joliet in Q4 2023?

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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 Pearl of Joliet was owned by PHC OVJ, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Will County, has been owned by PHC OVJ, LLC since May 1, 2022.

The Pearl of Joliet 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 2.6 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 Pearl of Joliet aided an average of 103.3 residents per day during the fourth quarter of 2023, with a total of 214 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, The Pearl of Joliet spent a total of $3,145 in one fine and suffered one penalty.

In total, there were 13 for-profit nursing homes in Will 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 Will County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Alden Courts of ShorewoodShorewood Investments I, LLCFor profit - Corporation442
Alden Estates of ShorewoodThe Floyd A. Schlossberg Living TrustFor profit - Corporation580.6
Ascension Villa FranciscanPresence Care Transformation CorporationNon profit - Corporation2101.5
Beecher Manor Nursing and Rehabilitation CenterB. and Z. Grandchildren Accumulation TrustFor profit - Individual2108.5
Lakewood Nursing and Rehabilitation CenterRothner Health Ventures G. II, LLCFor profit - Corporation4115.9
Meadowbrook ManorDorothy Vangel QSS Trust, Kianoosh Jafari, Descendants S. FBO Ashley Maria Dimas, Corp., Descendants S. Trust FBO Sean William Dimas, Corp., Robert Jafari, Nicholas Vangel, Soussan Jafari, Descendants S. Trust FBO Sasha Eva Dimas, Corp., and Dorothy VangelFor profit - Corporation3232.1
Parc JolietAharon Singer, Moshe Blonder, and Wissati Irrevocable TrustFor profit - Corporation1124.9
Renwick Nursing and RehabilitationNH Operator Holdings VII, LLCNon profit - Corporation198.8
Salem Village Nursing and RehabilitationWilliam Rothner Accumulation Trust, Daniel Rothner Accumulation Trust, Rachel Rothner Accumulation Trust, Adams Vales Accumulation Trust, Shoshana Aryeh, Melissa Rothner Accumulation Trust, Kathryn Vales Accumulation Trust, Makhlouf Suissa, Kimberly Vales Accumulation Trust, Nathan and Shirley Rothner Family Trust, and Lorraine SuissaFor profit - Corporation1138.6
Spring CreekAharon Singer, Wissati Irrevocable Trust, and Moshe BlonderFor profit - Corporation187.7
St. James Wellness Rehabilitation VillasKathryn Vales Accumulation Trust, B. and Z. Grandchildren Accumulation Trust, Kimberly Vales Accumulation Trust, N. and S. Rothner Trust, Melissa Rothner Accumulation Trust, Nathan and Shirley Rothner Family Trust, Rachel Rothner Accumulation Trust, William Rothner Accumulation Trust, Daniel Rothner Accumulation Trust, and Adams Vales Accumulation TrustFor profit - Limited Liability company169.4
The Pearl of JolietPHC OVJ, LLCFor profit - Limited Liability company1103.3
Victorian Village Health and WellRest Haven Illiana Christian Convalescent HomeNon profit - Corporation546.7

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