CCN 525281 · Kenosha County, Wisconsin
Waters Edge Health and Rehabilitation Center
3415 N Sheridan Rd, Kenosha, WI 53140
Waters Edge Health and Rehabilitation Center is a 128-bed for-profit nursing home in Kenosha, Wisconsin, first certified for Medicare or Medicaid in 1976. CMS rates it 1 out of 5 stars overall in its September 2026 data, and it averaged 96.4 residents a day, about 75% of its certified beds. It has an active FHA-insured Section 232 loan: $5 million originally, at 2.88%, with $4.3 million outstanding as of September 30, 2026 and maturity in April 2051.
Facility facts
- Certified beds
- 128
- Average residents per day
- 96.4 (75.3% of beds)
- Ownership type
- For profit - Corporation
- Certification
- Medicare and Medicaid
- Legal business name
- The Bay at Waters Edge Health and Rehabilitation LLC
- Certified since
- Dec 1, 1976
- Chain or affiliated group
- Champion Care (22 facilities, chain average 2.2 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 | Wisconsin median | US median |
|---|---|---|---|
| Overall rating | 1 of 5 | State spread: 70 at 1, 66 at 2, 59 at 3, 52 at 4, 74 at 5 | |
| Health inspections | 1 of 5 | ||
| Quality measures | 2 of 5 | ||
| Staffing | 1 of 5 | ||
| Total nurse hours per resident per day | 3.53 | 4.02 | 3.68 |
| RN hours per resident per day | 0.60 | 0.93 | 0.58 |
| Weekend nurse hours per resident per day | 3.12 | ||
| Nursing staff turnover | 63.2% | 46.2% | 44.9% |
| Occupancy (residents / beds) | 75.3% | 75.1% | 85.7% |
| Fines reported by CMS | 2 totaling $369,845 | ||
| Health deficiencies, latest standard survey | 29 (Sep 30, 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). Waters Edge Health and Rehabilitation Center does not meet it today: overall rating 1, health inspection rating 1, the 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 |
|---|---|---|---|
| Champion Care LLCOrganization | Direct Ownership Interest | 100% | 02/03/2018 |
| Champion Care LLCOrganization | Operational / Managerial Control | n/a | 02/03/2018 |
| Ruvel, MenachemIndividual | Operational / Managerial Control | n/a | 02/01/2018 |
| Weinberg, YisroelIndividual | Operational / Managerial Control | n/a | 02/01/2018 |
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 |
|---|---|---|---|---|
| Mar 31, 2021 | 223(f) refinance or purchaseHUD project name: The Bay at Waters Edge Health and Rehabilitation, 128 beds. Lender at endorsement: Greystone Funding Company LLC | $4,960,000 | Active: 2.88%, $4,349,645 balanceMatures Apr 1, 2051. Servicer: Greystone Servicing Company | 07522180 |
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.