IBJNews

Mainstreet plans 24 more Indiana senior care facilities

Back to TopCommentsE-mailPrintBookmark and Share

While its competitors are asking lawmakers to put the brakes on its rapid building, Mainstreet Property Group is instead pressing the accelerator on its plans to erect more high-end nursing homes around Indiana.

The Carmel-based developer announced Friday morning that it will open seven more facilities for Hoosier seniors this year and another 17 on top of that in the next two years. Those facilities, in total, would create 3,000 permanent jobs for Hoosiers.

If they’re allowed to be built.

The Indiana General Assembly is mulling a five-year moratorium on the construction of skilled nursing facilities, which if passed would prevent Mainstreet from building any new facilities not already begun by June 30. That legislation, known as Senate Bill 173, has passed the Indiana Senate and now awaits a hearing in the Indiana House.

Zeke Turner, CEO of Mainstreet, said that if Indiana enacts a construction moratorium, Mainstreet will simply build more facilities in other states. The company has existing facilities in eight states and is working to expand in six more.

“Where many see uncertainty in the changing health care landscape, we see opportunity to design, build and offer a model that appeals to the consumer – one focusing on comfort, dignity and privacy,” said Turner in a prepared statement.

The promise of 3,000 jobs in the middle of the legislative debate is designed to help Mainstreet’s cause politically.

Mainstreet alarmed older nursing home companies by developing 10 new facilities in the past five years—and breaking an unwritten rule of the industry by building in competitors’ backyards.

“There’s significant opportunity for those who can bring innovation to the tired, existing models of health care,” said Turner in the statement.

That prompted the Indiana Health Care Association and other long-term care groups to call for a ban on new construction. The nursing homes groups say Mainstreet’s developments have contributed to a building war, which has led to falling occupancy rates in nursing homes around the state.

“If someone does go out of business—and that’s a real concern—then you have an access problem,” Scott Tittle, president of the Indiana Health Care Association, told IBJ in January. “Let’s hit the pause button and allow the market to stabilize.”

Mainstreet is part of a coalition of construction companies and a couple of nursing home operators that oppose the ban.

The long-term care facilities Mainstreet develops take few or no Medicaid patients. The Medicaid program in Indiana is funded one-third by state taxes and two-thirds by federal taxes.

In 2014, Mainstreet has already opened one new facility, in Indianapolis’ Castleton area. This month, it will open another Indianapolis facility, at 16th and Arlington streets. Later this year it will open facilities in Kokomo, South Bend, Terre Haute, Lafayette and one more in Indianapolis.

Next year, Mainstreet plans to open facilities in Carmel, Dyer, Bloomington, Crown Point and other communities.

ADVERTISEMENT

  • Who is it a win for?
    This is somewhat troubling to me. Granted they may add 3,000 jobs in Indiana but I ask if the result is shutting down facilities that do take Medicaid patients is this a net gain for Indiana? Are we not losing 3,000 jobs from other facilities? In other words are we not simply causing layoffs and closings at the other facilities in the state? Further buy siphoning off the non-medicaid patients are we not ensuring the cost of those facilities will either rise or they will close and their will be a shortage of or no Medicaid facilities available? It was also stated that Mainstreet is part of a coalition of construction companies and a couple of nursing home operators that oppose the ban. Who are the other one or two who oppose the moratorium on construction. Obviously the construction companies are going to be against the proposed moratorium. Who else?
  • It's coming: House of Cards
    How did they get started? What led them (or what pay-to-play players led them) into crusading into reaping Medicaid and DCS dollars off their family owned call center. Dig deeper and let's demand accountability for their fortunes. Why go public in Cananda... Hiding something...This family is way to involved over the last years with Governor's...Ponder that...
  • Census?
    Is Mainstreet willing to report on the occupancy of these unproven ghost town resorts? I'll bet that would make a good story. I'll also bet they are all eleventy-billion percent full. Not.
  • sounds good
    My guess is the only people complaining are the ones who run the older facilities in the same markets this group is expanding into. They take the risk and provide Indiana residents with more options and updated facilities. Ultimately the market will dictate if there is a need for more and newer facilities. Having options seems like a good idea to me.
  • You have to be kidding me
    A news conference??? 24 more buildings?? What a joke. These job #'s and economic impact numbers are as inflated as their egos. These supposed "resorts" are NOT good for our state. The only job creation is temporary construction jobs--these facilities mostly just hire people from existing nursing homes. If they could actually build what they say they want to build it will result in more LOST jobs than NEW ones over the next several years. Let them wait 5 years and let's see where things are then... They can waste their Canadian investors' money on dragging other states down.

    Post a comment to this story

    COMMENTS POLICY
    We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
     
    You are legally responsible for what you post and your anonymity is not guaranteed.
     
    Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
     
    No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
     
    We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
     

    Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

    Sponsored by
    ADVERTISEMENT

    facebook - twitter on Facebook & Twitter

    Follow on TwitterFollow IBJ on Facebook:
    Follow on TwitterFollow IBJ's Tweets on these topics:
     
    Subscribe to IBJ
    1. Uh, sorry Johnnie, but you are incorrect. Despite the assertions by yourself and various defenders and captains, sports attendance is NOT off significantly at most sporting events in the US. Variances in attendance has been in the range of single digits, both + & - for years now. MLB has had most of its best overall attendance nubers in the last decade, and that trend has been consistent for most major sporting events. The number one issue cited by most fans when asked about attendance is the overall cost of attending. The presence of HD and big screen televisions in home doesn't even register, as a factor for not attending an event. VALUE in the product is the key, and apparently is something lacking in the current ICS. What other explanation is there when with what is routinely touted as the "best" racing on the planet, fans are staying away in DROVES. A "close" title battle into the last event at Fontana, with the "cars and stars" of the ICS, and who showed up? MAYBE 8K. Sorry, but HD TV isn't to blame for that kind of fan apathy.

    2. Do you need finance to establish your business ? Are you interested in getting a loan at 3% from our private company? If so please Email: suntrust_oil@blumail.org

    3. If she was worth the $ the public outcry over direct tv dropping them would have kept them on their dishes as we have seen with other companies. I too quit watching channel 13 after she showed up since I left channel 8 because of her all show rather than production results. When Randy on 8 corrected her she had a big head and incorrectly challenged his correction for pronunciation of a city. Other antics while she matures was too much for me with her very inaccurate forecasts. All the forecasters were predicting rain until Thursday except Chris. They predicted sunny on Thursday but instead of rain until Thursday upon which the sun would finally make it out in full glory Chris was right on the money just as I too predicted looking at the radar on weather.gov. One thing I love about Angela is the fear you can see in her every time it thunders in the winter. It far exceeds the entertainment value of her body language (high heel noise drags, depression, etc) when her forecasts are so incorrect. Her hair stands on end, you have to see it!!!

    4. Good Day, Apply For A Loan I am Mr Fernadez Antonio, a private Loan lender and a cooperate financial for real estate and any kinds of business financing. I also offer Loans to individuals, Firms and cooperate bodies at 3% interest rate We offer any kind of loans. email us via fernadezloaninvest@outlook.com LOAN APPLICATION FORM First name:......................... Middle name:......................... Last name:........................................ Date of birth (yyyy-mm-dd):....................... Gender:........................................... Marital status:................................... Total Amount Needed............................... Loan Duration.................................... Address:.......................................... City:............................................. State/province:................................... Zip/postal code:.................................. Country:.......................................... Phone:............................................ Fax:.............................................. Mobile/cellular:.................................. Monthly Income.................................... Occupation:....................................... Best Regard, Mr Fernadez Antonio.

    5. i will love to share my testimony to you all the people in world i got married to my husband about 2 year ago we start having problems at home like we stop sleeping on the same bed,fighting about little things he always comes home late at night,drinking too much and sleeping with other women out side i have never love any man in my life except him. he is the father of my child and i don't want to loose him because we have worked so hard together to become what we are and have today .few month ago he now decided to live me and the kid,being a single mother can be hard sometimes and so i have nobody to turn to and i was heart broken.i called my mom and explain every thing to her,my mother told me about DR.okoro how he helped her solve the problem between her and my dad i was surprise about it because they have been without each other for three and a half years and it was like a miracle how they came back to each other. i was directed to DR. okoro on his email:okorospell@gmail.com and explain everything to him,so he promise me not to worry that he will cast a spell and make things come back to how we where so much in love again and that it was another female spirit that was controlling my husband he told me that my problem will be solved within two days if i believe i said OK So he cast a spell for me and after two days my love came back asking me to forgive him i Am so happy now. so that why i decided to share my experience with every body that have such problem contact Dr okoro the great spell caster on his email addresses spellcasterforlove@outlook.com

    ADVERTISEMENT