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Friday, May 10, 2024

Who owned Absolut Center for Nursing and Rehabilitation Gasport, LLC 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, Absolut Center for Nursing and Rehabilitation Gasport, LLC was owned by Absolut Facilities Management, LLC and Israel Sherman, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Niagara County, has been owned by Absolut Facilities Management, LLC and Israel Sherman since June 7, 2007.

Absolut Center for Nursing and Rehabilitation Gasport, LLC 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 2.9 recorded for nursing homes in New York. 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, Absolut Center for Nursing and Rehabilitation Gasport, LLC aided an average of 77.9 residents per day during the fourth quarter of 2023, with a total of 83 beds available. Currently, the nursing home is not located within a hospital.

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

In total, there were eight for-profit nursing homes in Niagara County, New York.

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 Niagara County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Absolut Center for Nursing and Rehabilitation Gasport, LLCAbsolut Facilities Management, LLC and Israel ShermanFor profit - Limited Liability company477.9
Degraff Memorial Hospital-Skilled Nursing FacilityKaleida HealthFor profit - Corporation472.2
Elderwood at WheatfieldWarren Cole and Jeffrey RubinFor profit - Limited Liability company5115
Niagara Rehabilitation and Nursing CenterJeffrey Goldstein, Niagara Investors, LLC, Israel Sherman, and Samuel ShermanFor profit - Corporation1131.5
North Gate Health Care FacilityVestra SPV1, LLC and Vestra SPV2, LLCFor profit - Limited Liability company4180.6

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