By Lyndee Yamshon |
Despite a general lack of new construction in the skilled nursing space, one owner/operator stands out for building three brand-new skilled nursing facilities in the Chicagoland area.
And when many companies are paring down staff and consolidating, Brad Haber, principal owner and operator at Innovative Health, LLC, is midway through spearheading three SNF construction projects in Mundelein, Lisle, and Aurora for about $80 million in total.
Innovative Health, a short-term transitional and post-acute health care company based in Northbrook, Ill., will replace Winchester House and bring existing staff to the new Mundelein facility and a new set of staffers to the Lisle and Aurora buildings — adding 200 employees, concentrated mostly in nurses with at least 15 new therapists.
Transitional care facilities move ahead in Lisle, Aurora
Rosemont-based Innovative Health said Monday it will break ground this summer on new short-term rehab centers in Lisle and Aurora, after winning court decisions against local competitors attempting to stop them.
Innovative Health, which also plans to build more facilities in the region, already acquired the land on Ogden Avenue in Lisle and on New York Avenue in Aurora for about $1 million each. The company plans to spend another $40 million to construct the two 68-bed facilities, which will add about 200 jobs by next year.
"We're very confident that we'll fill these facilities after we did the research prior to picking the locations," said Brad Haber, principal and co-founder of Innovative Health. "These areas demonstrate a need with a lot of growth expected."
The state approved both projects last May, and zoning permits were provided by Lisle and Aurora officials. Read More
Aging baby boomers are transforming the conventional nursing home.
The stigma attached to nursing homes most often is that they're a place you go to die. The last thing baby boomers, who came of age in the '60s and '70s and practically invented youth culture, will ever admit is that they are getting old.
"We feel that baby boomers as consumers want this," said Denise Norman, president of Transitional Care Management, which opened the Arlington Heights facility in September. "You've got all the medical needs, the nursing, the therapy. People expect that, but then if you can add that component of comfort, a little bit of luxury, they'll feel better faster."
What sets Transitional Care apart is more than aesthetics. Like its name suggests, Transitional Care specializes in caring for people after they've been released from hospitals but aren't ready to go home. Unlike most nursing homes, it's not in the business of long-term care.
The company, based in west suburban Lisle, is growing. Earlier this month state health care regulators approved Transitional Care's proposals for new facilities in Lisle and Aurora.
Transitional Care is taking advantage of changing demographics. As Americans age, demand for short-term rehabilitation, also known as post-acute care, will increase. By 2040, the number of people 65 years or older will double to 82.3 million, or about one-fifth of the U.S. population.
Seismic shifts in health care economics also are forcing physicians and hospitals to work more closely with providers of post-acute care to make sure patients don't return to the hospital.
The forces reshaping the nursing home industry are giving consumers more choice. But the investment in facilities dedicated to short-term rehab has been slow to come to Illinois because of regulatory hurdles and opposition from within the nursing home industry.
Nursing homes typically take care of two very different kinds of patients: (Read More)
By Russell Lissau of Daily Herald
The private company that operates the Winchester House nursing home has plans to close the county-owned facility in Libertyville and build something new in Mundelein.
If Lisle-based Transitional Care Management's $30 million proposal moves forward, it would officially mark the end of Lake County's long involvement with Winchester House, a relationship that goes back nearly 170 years.
It also would create a modern medical facility in central Lake County, one especially designed for the region's older residents.
"As the baby boomers age, it is important for communities to provide facilities that will meet their needs in the future," Mundelein Village Administrator John Lobaito said. "Although the plans are conceptual at this point, we are very excited about (TCM) choosing Mundelein as the place for their latest facility." (Read More)