CCN 365300 · Portage County, Ohio
Altercare Post-Acute Rehab Center
1463 Tallmadge Road, Kent, OH 44240
Altercare Post-Acute Rehab Center is a 79-bed for-profit nursing home in Kent, Ohio, first certified for Medicare or Medicaid in 1974. CMS rates it 5 out of 5 stars overall in its September 2026 data, and it averaged 72.3 residents a day, about 92% of its certified beds. It has an active FHA-insured Section 232 loan: $6.3 million originally, at 2.94%, with $5.7 million outstanding as of September 30, 2026 and maturity in May 2054.
Facility facts
- Certified beds
- 79
- Average residents per day
- 72.3 (91.5% of beds)
- Ownership type
- For profit - Corporation
- Certification
- Medicare and Medicaid
- Legal business name
- Altercare Post-Acute Rehabilitation Center, Inc.
- Certified since
- Jan 1, 1974
- Chain or affiliated group
- Altercare (22 facilities, chain average 3.3 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 | Ohio median | US median |
|---|---|---|---|
| Overall rating | 5 of 5 | State spread: 118 at 1, 216 at 2, 180 at 3, 190 at 4, 209 at 5 | |
| Health inspections | 5 of 5 | ||
| Quality measures | 5 of 5 | ||
| Staffing | 3 of 5 | ||
| Total nurse hours per resident per day | 3.96 | 3.57 | 3.68 |
| RN hours per resident per day | 0.78 | 0.59 | 0.58 |
| Weekend nurse hours per resident per day | 3.48 | ||
| Nursing staff turnover | 39.5% | 48.5% | 44.9% |
| Occupancy (residents / beds) | 91.5% | 87.2% | 85.7% |
| Fines reported by CMS | None | ||
| Health deficiencies, latest standard survey | 4 (Jul 1, 2025) | ||
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). Altercare Post-Acute Rehab Center meets that part today: 5 stars overall, 5 on health inspections, no abuse icon. 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 |
|---|---|---|---|
| Tsg Nursing Centers, IncOrganization | Direct Ownership Interest | 100% | 12/13/2002 |
| Gerald F Schroer Dynasty Tr Ua 12312009 Fbo Andrew M SchroerOrganization | Indirect Ownership Interest | n/a | 12/15/2015 |
| Gerald F Schroer Dynasty Tr Ua 12312009 Fbo Gerald F Schroer JrOrganization | Indirect Ownership Interest | n/a | 12/15/2015 |
| Gerald F Schroer Dynasty Tr Ua 12312009 Fbo Matthew SchroerOrganization | Indirect Ownership Interest | n/a | 12/15/2015 |
| Gerald F Schroer Dynasty Tr Ua 12312009 Margaret S GoodmanOrganization | Indirect Ownership Interest | n/a | 12/15/2015 |
| Susanne Schroer Dynasty Trust U/aOrganization | Indirect Ownership Interest | n/a | 12/15/2015 |
| The Schroer Group, Inc.Organization | Indirect Ownership Interest | n/a | 10/01/2001 |
| Altercare of Ohio, IncOrganization | Operational / Managerial Control | n/a | 10/01/2001 |
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 |
|---|---|---|---|---|
| Apr 29, 2021 | 223(a)(7) refinance of a 223(f) loanHUD project name: Altercare Post-Acute, 79 beds. Lender at endorsement: Greystone Funding Company LLC | $6,308,800 | Active: 2.94%, $5,654,762 balanceMatures May 1, 2054. Servicer: Greystone Servicing Company | 04222338 |
| Mar 13, 2012 | 223(f) refinance or purchaseHUD project name: Altercare Post-Acute Rehabilitation Center, 79 beds. Lender at endorsement: Links Mortgage Corporation | $7,888,600 | Ended Apr 30, 2021Prepayment | 04222176 |
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.