ST. LOUIS – There’s an update on the financial situation of ‘Northview Village Nursing Home.’ It abruptly closed in December and left almost two hundred people with nowhere to go.
According to FOX 2’s Partners at the St. Louis Post-Dispatch, revenue had been dropping for years, but the owners were still paying themselves and their other companies. Financial documents from 2020 through 2022 show $1.5 million annually going into the owners’ compensation, administrative services, and rent to their other businesses.
Northview closed on December 15, only giving employees and residents a few hours notice. Residents were transported overnight to more than a dozen other facilities.
The owners blamed dropping revenue and low reimbursement rates from medicaid. The owners did not respond to the Post-Dispatch’s request for comment.
