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INFINITY HEALTHCARE CONSULTING

Ownership rollup across 69 nursing homes in 3 states: Illinois, Indiana, Tennessee. The "follow the money" view of an operator’s whole portfolio — the pattern a single facility page can’t show.

Insights

The chain’s homes average 2.0 of 5 stars on the CMS overall rating — about 0.9 stars below the ~3.0 average of the 3 states it operates in. A whole portfolio rating below its own states’ norm is a pattern worth researching, not a single-home fluke. It is also moving the wrong way: across the same 68 homes rated throughout, the average fell 0.25 stars between 2025-02 and 2026-06. We benchmark against its own states because CMS ranks the health-inspection star within each state, so a national comparison (national average ~3.0) partly measures where a chain operates rather than how it operates.

69
Homes in this chain
8,656
Certified beds125 per home on average
72%
Occupied6,226 residents a day across 8,656 beds
-0.25
Star changeacross the 68 homes rated throughout · 2025-02 to 2026-06
3
States covered
2.0
Average CMS ratingacross 68 of 69 homes CMS rates · ~3.0 in its states · ~3.0 nationally

Where the rating comes from

The CMS overall star blends three different things. Split apart across the whole portfolio, they say different things about an operator: thin staffing is a budget decision made above the building, while a weak inspection score is what surveyors actually found inside it.

ComponentChain averageBasis
Health inspection2.1 of 568 rated homesstate surveyors’ findings, ranked within each state
Staffing1.5 of 568 rated homesfrom payroll (PBJ) hours
Quality measures3.7 of 568 rated homeslargely self-reported clinical data

Averaged across this chain’s rated homes. Health-inspection stars are assigned within each state’s own distribution, so for a chain spanning several states this component mixes distributions and is best read alongside each home’s actual citations.

Portfolio red flags

How many of this chain’s homes carry the most serious CMS markers. One flagged home can be local; a pattern across the portfolio is an operator-level signal worth researching.

17 with immediate-jeopardy citations1 on the CMS Special Focus list4 Special-Focus candidates16 with an abuse flag27 with federal fines

Follow the money — chain finances

Aggregated from each home’s CMS Medicare cost report (HCRIS). Related-party payments are dollars a home sends to landlords or management companies under common ownership — the main channel through which private-equity and REIT owners can pull money out of a home while its own books still show a thin margin.

$89.5M
Related-party expensesummed across 67 homes · FY2023 cost reports
14%
of operating expensegoes to related companies, across the 67 homes reporting both figures
-2.3%
Operating marginrevenue-weighted across 68 homes with a cost report
$4.4M
Total federal fines27 homes fined

Only homes with a cost report on file are included, so the related-party total is a floor. Cost reports are self-filed, unaudited, and a year or two behind.

Who pays — share of resident-days across this chain
Medicaid 77%Medicare 7%Other / private 16%

Weighted by each home’s average daily census, across the 68 of 69 homes that report both a usable payer mix and a census. Homes whose cost report fails the same validity check the facility pages apply are left out of this figure entirely rather than counted as zero.

Every home in this chain

Lowest-rated first, so the homes most worth a closer look sit at the top. Each links to its full inspection, staffing, fines, and ownership record.

HomeCMS ratingFlags
Belhaven Nursing & Rehab CenterChicago, IL 1 of 5Abuse flag $320,068 fined
Continental Nursing & Rehab CenterChicago, IL 1 of 51 immediate-jeopardy Abuse flag $284,231 fined
Hope Creek Nursing & RehabEast Moline, IL 1 of 53 immediate-jeopardy Abuse flag $386,400 fined
Landmark Of Richton Park Rehab & Nsg CtrRichton Park, IL 1 of 5Abuse flag $548,244 fined
Landmark at 95th Rehabilitation and Nursing CenterChicago, IL 1 of 51 immediate-jeopardy Abuse flag $595,647 fined
Landmark of Hyde Park Rehabilitation and Nursing CChicago, IL 1 of 5Abuse flag $307,855 fined
Landmark of Itasca Rehabilitation and Nursing CentItasca, IL 1 of 56 immediate-jeopardy SFF candidate Abuse flag $466,953 fined
Landmark of Lincoln Park Rehabilitation and NursinChicago, IL 1 of 5Abuse flag $106,420 fined
Landmark of Oak Lawn Rehabilitation and Nursing CeOak Lawn, IL 1 of 52 immediate-jeopardy $308,189 fined
Momence Meadows Nursing & RehabMomence, IL 1 of 5Abuse flag
Parker Nursing & Rehab CenterStreator, IL 1 of 51 immediate-jeopardy $169,816 fined
Alpha Home - A Waters CommunityIndianapolis, IN 1 of 5$22,386 fined
Waters Of Clifty Falls, TheMadison, IN 1 of 5
Waters Of Covington, TheCovington, IN 1 of 53 immediate-jeopardy SFF candidate Abuse flag $222,565 fined
Waters Of Dillsboro-Ross Manor, TheDillsboro, IN 1 of 5
Waters Of Georgetown, TheGeorgetown, IN 1 of 5
Waters Of Hobart Skilled Nursing Facility, TheHobart, IN 1 of 5
Waters Of Lebanon, TheLebanon, IN 1 of 5
Waters Of Martinsville, TheMartinsville, IN 1 of 5$22,165 fined
Waters Of Princeton, ThePrinceton, IN 1 of 5
Waters Of Rockport Skilled Nursing Facility, TheRockport, IN 1 of 5
Waters Of Scottsburg, TheScottsburg, IN 1 of 51 immediate-jeopardy SFF candidate Abuse flag $45,372 fined
Waters Of Sullivan Nursing Facility, TheSullivan, IN 1 of 5
Waters Of Syracuse Skilled Nursing Facility, TheSyracuse, IN 1 of 5
Waters Of Tipton Skilled Nursing Facility, TheTipton, IN 1 of 5SFF candidate $20,494 fined
Waters Of Wabash Skilled Nursing Facility East TheWabash, IN 1 of 5
Waters Of Wakarusa Skilled Nursing Facility, TheWakarusa, IN 1 of 51 immediate-jeopardy $14,661 fined
Westpark A Waters CommunityIndianapolis, IN 1 of 5
Heritage Place Care & Rehabilitation LLCWinchester, TN 1 of 5
The Waters Of Smyrna, LLCSmyrna, TN 1 of 53 immediate-jeopardy $97,773 fined
The Waters Of Springfield LLCSpringfield, TN 1 of 51 immediate-jeopardy $26,407 fined
Waters Of Memphis A Rehabilitation & Nursing CtrMemphis, TN 1 of 5$5,293 fined
Ambassador Nursing & Rehab CenterChicago, IL 2 of 5Abuse flag $111,884 fined
Midway Neurological / Rehab CenterBridgeview, IL 2 of 5Abuse flag $55,162 fined
West Suburban Nursing & Rehab CenterBloomingdale, IL 2 of 5Abuse flag $19,845 fined
Waters Of Batesville, TheBatesville, IN 2 of 5
Waters Of Castleton Skilled Nursing Facility, TheIndianapolis, IN 2 of 5
Waters Of Dunkirk Skilled Nursing Facility, TheDunkirk, IN 2 of 51 immediate-jeopardy Abuse flag $59,240 fined
Waters Of Greencastle, TheGreencastle, IN 2 of 51 immediate-jeopardy
Waters Of Huntingburg, TheHuntingburg, IN 2 of 5
Waters Of Huntington Skilled Nursing Facility, TheHuntington, IN 2 of 51 immediate-jeopardy $85,480 fined
Waters Of Indianapolis, TheIndianapolis, IN 2 of 5Abuse flag
Waters Of Lagrange Skilled Nursing Facility, TheLagrange, IN 2 of 5
Waters Of Muncie, TheMuncie, IN 2 of 5
Waters Of Rushville Skilled Nursing Facility, TheRushville, IN 2 of 5
The Waters Of Cheatham, LLCAshland City, TN 2 of 5$6,350 fined
The Waters Of GallatinGallatin, TN 2 of 5
The Waters Of Johnson City, LLCJohnson City, TN 2 of 5
Waters Of McKenzie A Rehabilitation & Nursing CtrMc Kenzie, TN 2 of 5
Waters Of Sweetwater A Rehabilitation & NursingSweetwater, TN 2 of 52 immediate-jeopardy
Waters Of Columbia City Skilled Nursing FacilityColumbia City, IN 3 of 52 immediate-jeopardy $60,590 fined
Waters Of Fort Wayne Skilled Nursing Facility, TheFort Wayne, IN 3 of 5
Waters Of New Castle, TheNew Castle, IN 3 of 5
Waters Of Rising Sun, TheRising Sun, IN 3 of 5
Lakebridge, A Waters Community, LLCJohnson City, TN 3 of 5
Mabry Health CareGainesboro, TN 3 of 5
Waters Of Chesterfield Skilled Nursing FacilityChesterfield, IN 4 of 5
Waters Of Middletown Skilled Nursing Facility, TheMiddletown, IN 4 of 5
Waters Of Peru Skilled Nursing Facility, ThePeru, IN 4 of 5
Waters Of Wabash Skilled Nursing Facility WestWabash, IN 4 of 5
Agape Rehabilitation & Nursing Center, A Waters CmJohnson City, TN 4 of 5
The Waters Of Clinton, LLCClinton, TN 4 of 5
The Waters Of Shelbyville, LLCShelbyville, TN 4 of 5
Waters Of Bristol A Rehabilitation And NursingBlountville, TN 4 of 5
Niles Nsg & Rehab CtrNiles, IL 5 of 5
Waters Of Hartford City Skilled Nursing FacilityHartford City, IN 5 of 5
The Waters Of Roan Highlands,llcRoan Mountain, TN 5 of 5
The Waters Of Union City , LLCUnion City, TN 5 of 5
Landmark of Cicero Rehabilitation and Nursing CentCicero, ILNot rated1 immediate-jeopardy Special Focus $52,195 fined
Read this as a floor, not a verdict. CMS chain and ownership data is known to under-report private-equity and REIT ties, and a low chain average can hide strong individual homes (or vice-versa). Use it to know which questions to ask — then read each home’s actual inspection record and confirm current ownership with your state licensing agency.

Source: CMS Provider Data Catalog (nursing-home ratings, deficiencies, penalties, and ownership) and the CMS Medicare cost report (HCRIS) for finances. Chain membership is as reported to CMS. CMS extracts retrieved 30 August 2026; CMS refreshes them monthly, so counts here are as of that date. Verify with the facility and your state regulator.