CCN 365483 · Miami County, Ohio
Stillwater Skilled Nursing and Rehabilitation
75 Mote Drive, Covington, OH 45318
Stillwater Skilled Nursing and Rehabilitation is a 75-bed for-profit nursing home in Covington, Ohio, first certified for Medicare or Medicaid in 1980. CMS rates it 2 out of 5 stars overall in its September 2026 data, and it averaged 52.2 residents a day, about 70% of its certified beds. It has an active FHA-insured Section 232 loan: $3.3 million originally, at 2.58%, with $2.9 million outstanding as of September 30, 2026 and maturity in November 2051.
Facility facts
- Certified beds
- 75
- Average residents per day
- 52.2 (69.6% of beds)
- Ownership type
- For profit - Limited Liability company
- Certification
- Medicare and Medicaid
- Legal business name
- Miami Cov SNF Inc
- Certified since
- Apr 5, 1980
- Chain or affiliated group
- Michael Slyk (7 facilities, chain average 2.9 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 | 2 of 5 | State spread: 118 at 1, 216 at 2, 180 at 3, 190 at 4, 209 at 5 | |
| Health inspections | 3 of 5 | ||
| Quality measures | 4 of 5 | ||
| Staffing | 1 of 5 | ||
| Total nurse hours per resident per day | 3.56 | 3.57 | 3.68 |
| RN hours per resident per day | 0.49 | 0.59 | 0.58 |
| Weekend nurse hours per resident per day | 3.51 | ||
| Nursing staff turnover | 66.1% | 48.5% | 44.9% |
| Occupancy (residents / beds) | 69.6% | 87.2% | 85.7% |
| Fines reported by CMS | None | ||
| Health deficiencies, latest standard survey | 8 (Apr 16, 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). Stillwater Skilled Nursing and Rehabilitation meets that part today: 2 stars overall, 3 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 |
|---|---|---|---|
| D'amico, DanielIndividual | Direct Ownership Interest | 33% | 12/01/2018 |
| Slyk, MichaelIndividual | Direct Ownership Interest | 67% | 09/01/2022 |
| Ryder, GwynnIndividual | Operational / Managerial Control | n/a | 03/28/2025 |
Changes of ownership
| Effective | Buyer | Seller |
|---|---|---|
| Dec 1, 2018 | Miami Cov SNF Inc | Cc SNF, LLC |
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 |
|---|---|---|---|---|
| Oct 29, 2021 | 223(a)(7) refinance of a 223(f) loanHUD project name: Stillwater Skilled Nursing Rehabilitation, 99 beds. Lender at endorsement: Greystone Funding Company LLC | $3,251,000 | Active: 2.58%, $2,881,328 balanceMatures Nov 1, 2051. Servicer: Greystone Servicing Company | 04622134 |
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.