CCN 335228 · Broome County, New York
Bridgewater Center for Rehab & Nursing L L C
159 163 Front Street, Binghamton, NY 13902
Bridgewater Center for Rehab & Nursing L L C is a 356-bed for-profit nursing home in Binghamton, New York, first certified for Medicare or Medicaid in 1967. CMS rates it 1 out of 5 stars overall in its September 2026 data, and it averaged 348.3 residents a day, about 98% of its certified beds. It has an active FHA-insured Section 232 loan: $16.9 million originally, at 2.64%, with $15.3 million outstanding as of September 30, 2026 and maturity in July 2055.
Facility facts
- Certified beds
- 356
- Average residents per day
- 348.3 (97.8% of beds)
- Ownership type
- For profit - Limited Liability company
- Certification
- Medicare and Medicaid
- Legal business name
- Bridgewater Center for Rehabilitation & Nursing LLC
- Certified since
- Jul 5, 1967
- Chain or affiliated group
- Upstate Services Group (17 facilities, chain average 2.0 stars)
- Location
- Urban
Ratings and staffing
Star ratings run from 1 to 5. Staffing is nurse hours per resident per day from CMS Payroll Based Journal data; turnover is the CMS annual nursing staff turnover rate. Occupancy is CMS's average daily census divided by certified beds.
| Measure | This facility | New York median | US median |
|---|---|---|---|
| Overall rating | 1 of 5 | State spread: 111 at 1, 130 at 2, 113 at 3, 100 at 4, 136 at 5 | |
| Health inspections | 1 of 5 | ||
| Quality measures | 3 of 5 | ||
| Staffing | 3 of 5 | ||
| Total nurse hours per resident per day | 3.45 | 3.49 | 3.68 |
| RN hours per resident per day | 0.39 | 0.58 | 0.58 |
| Weekend nurse hours per resident per day | 2.79 | ||
| Nursing staff turnover | 48.2% | 38.4% | 44.9% |
| Occupancy (residents / beds) | 97.8% | 94.1% | 85.7% |
| Fines reported by CMS | None | ||
| Health deficiencies, latest standard survey | 17 (Jun 12, 2026) | ||
HUD 223(f) Express Lane: the CMS part
HUD gives 223(f) applications queue priority when the facility has CMS overall and health inspection ratings of at least 2 stars and no abuse icon, among other tests (ORCF criteria of March 31, 2026). Bridgewater Center for Rehab & Nursing L L C does not meet it today: overall rating 1, health inspection rating 1. The loan-to-value, coverage and operator tests depend on the deal. All the criteria.
Who owns and operates it
These are the owners and operators the facility reported to CMS: anyone with a 5% or greater direct or indirect stake, and any organization with operational or managerial control.
| Name | Role | Share | Since |
|---|---|---|---|
| Koenig, UriIndividual | Direct Ownership Interest | 55% | 12/22/2010 |
| Steif, EfraimIndividual | Direct Ownership Interest | 45% | 01/28/2005 |
| Steif, EfraimIndividual | Operational / Managerial Control | n/a | 08/15/2017 |
Changes of ownership
No change of ownership for this facility appears in the CMS change-of-ownership file, which starts in January 2016.
HUD Section 232 loans
HUD's Office of Healthcare Programs lists these FHA-insured loans for a project we matched to this facility by name, city and bed count. Status, rate and balance come from HUD's insured-mortgage files as of September 30, 2026. Check the FHA number against the loan documents before relying on the match.
| Endorsed | Program | Original amount | Status | FHA number |
|---|---|---|---|---|
| Aug 31, 2021 | 223(a)(7) refinance of a 223(f) loanHUD project name: Bridgewater Center for Rehabilitation & Nursing, 356 beds. Lender at endorsement: Century Health & Housing Capital, LLC | $16,947,000 | Active: 2.64%, $15,288,899 balanceMatures Jul 1, 2055. Servicer: Century Health & Housing Capit | 01422184 |
| Oct 27, 2011 | 223(a)(7) refinance of a 223(f) loanHUD project name: Bridgewater Center for Rehabilitation & Nursing, 331 beds. Lender at endorsement: Century Health & Housing Capital, LLC | $19,569,800 | Ended Aug 31, 2021Prepayment | 01422075 |
| Jun 30, 2008 | 223(f) refinance or purchaseHUD project name: Bridgewater Center for Rehab and Nursing, 331 beds. Lender at endorsement: Century Health & Housing Capital, LLC | $19,569,800 | Ended Oct 27, 2011Prepayment | 01422055 |
Sources and dates
Facility, rating, staffing and ownership data: CMS Provider Information and CMS Ownership, processing date September 2026. Private equity, REIT and mortgage-interest flags and changes of ownership: CMS Skilled Nursing Facility All Owners and Change of Ownership files (2026-10-01). FHA-insured loans: HUD Office of Healthcare Programs endorsement database, data run July 8, 2026. How we join them, and what the join can get wrong: methodology.
SNF Register is independent. It is not affiliated with or endorsed by CMS, HUD or FHA. Spotted an error? Write to hello@hudskillednursing.loan.