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Thursday, November 21, 2024

Who owned Creekview Health and Rehabilitation in Q4 2023?

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CMS Principal Deputy Administrator and Chief Operating Officer Jonathan (Jon) Blum | thepcc.org

CMS Principal Deputy Administrator and Chief Operating Officer Jonathan (Jon) Blum | thepcc.org

As of the fourth quarter of 2023, Creekview Health and Rehabilitation was owned by TN M53 Specialist Opco Holdco, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Knox County, has been owned by TN M53 Specialist Opco Holdco, LLC since Dec. 1, 2021.

Creekview Health and Rehabilitation is registered as a for-profit facility.

During that period, the nursing home had an overall rating of one from the CMS, which is lagging behind the average of 2.6 recorded for nursing homes in Tennessee. CMS ratings evaluate nursing homes based on critical aspects such as health inspection outcomes, staffing levels, and the quality of care provided to residents.

According to the data, Creekview Health and Rehabilitation aided an average of 61.9 residents per day during the fourth quarter of 2023, with a total of 91 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Creekview Health and Rehabilitation achieved a zero-incident record for fines and penalties.

In total, there were six for-profit nursing homes in Knox County, Tennessee.

According to US Census data, in 2020, nearly 1 in 6 Americans were aged 65 years or older. Since 1920, the older population skyrocketed from 4.9 million to 55.8 million, reflecting a growth rate of roughly 1,000%, five times higher than the average growth for the overall U.S. population.

A 2021 study suggests that nearly half of this age group, roughly 28 million individuals, may require long-term services and support. Additionally, the study projects that over a third of them may eventually need nursing home care.

“Living a long life is something that many of us want and could get,” said Jesse Slome, executive director of the American Association for Long-Term Care Insurance, an insurance education group. “But when we live a long life, the chances of us needing long-term care increase exponentially. But when you need that type of care, there are limited options.”

Nursing Homes in Knox County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Beverly Park Place Health and RehabilitationHillcrest Healthcare Communities, Inc.Non profit - Other1157.9
Creekview Health and RehabilitationTN M53 Specialist Opco Holdco, LLCFor profit - Corporation161.9
Fort Sanders Transitional Care UnitCovenant HealthNon profit - Corporation521.4
Holston Health and Rehabilitation CenterNhc-Op LPFor profit - Corporation479.2
NHC Healthcare, FT SandersNhc-Op LPFor profit - Corporation3132.9
NHC Healthcare, FarragutNhc-Op LPFor profit - Corporation398.4
NHC Healthcare, KnoxvilleNhc-Op LPFor profit - Limited Liability company293.4
Wellpark at ShannondalePresbyterian Homes of Tennessee, Inc.Non profit - Corporation441.7
West Hills Health and RehabilitationHillcrest Healthcare Communities, Inc.Non profit - Corporation187.6

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