Overlook Nursing & Rehab Center under new ownership

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BURRILLVILLE – A nursing and rehabilitation facility in Pascoag that has been family-owned and operated for more than 60 years in the village is now under new ownership, with a chief executive who owns multiple health centers in New York and now, two in Rhode Island.

Overlook Nursing & Rehabilitation Center was purchased this month by Overlook Eden Operations, LLC. The 24-hour Rock Avenue facility was founded in 1957 by Harold & Lillian Kenoian, and offers long-term care with 100 beds.

According to an application for change in control filed in August with the Rhode Island Department of Health, Louis “Josh” Gellis purchased the center from the Kenoians, who were operating under the name Harken, Inc.

Gellis purchased West View Nursing & Rehabilitation Center in West Warwick last year. He also owns three nursing care facilities in upstate New York: Delmar Nursing and Rehabilitation Center in Delmar, River Ridge Living Center in Amsterdam; and Rosewood Rehabilitation & Nursing Center in Rensselaer.

A deed for the property shows the purchase price for the Burrillville-based center at $3.6 million, but according to the application, purchase price is an amount equal to $9,270,000, with $5,664,000 attributable to operations and other assets.

Town property records note the two-story building at 14 Rock Avenue was constructed in 1971, has roughly 40,000-square-feet,  and sits on 1.33 acres. The property was assessed at roughly $3.8 m in 2018.

The sale, which became official on Sunday, Dec. 1, also included an associated 1 acre lot at 0 High St., assessed at $104,800.

“Gellis maintains a solid record of operating long term care facilities including two in New York, one in Delaware and since 2018 West View Nursing and rehabilitation in West Warwick,” the application states.

Overlook offers skilled nursing, physical therapy, occupational therapy, and speech and language services, and has private and semi-private rooms.

Documents filed state that Gellis does not plan on altering services at the facility.

“The applicant aims to provide better access, to post-acute care services, with better outcomes and at a lower cost to its residents,” the documents note.

Financials statements provided to RIDOH show that Overlook operated at a loss of $190,600 in 2018, and that Gellis expects profits to grow to $555,798 by 2022.

While Overlook Eden is incorporated in Delaware, Gellis lists his home address as Brooklyn, NY. The company took out an $8 million loan for the purchase, which required approval by R.I. Department of Health’s Health Services Council.

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