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Saturday, December 21, 2024

Who owned Pine Acres Center for Nursing 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, Pine Acres Center for Nursing and Rehabilitation was owned by Accordius Health at Lexington, LLC, HC Family Trust, and Zanziper Family Trust, according to Centers for Medicare and Medicaid Services (CMS).

Pine Acres Center for Nursing and Rehabilitation is registered as a for-profit facility.

During that period, the nursing home had an overall rating of two from the CMS, which is lagging behind the average of 2.6 recorded for nursing homes in North Carolina. 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, Pine Acres Center for Nursing and Rehabilitation aided an average of 99.3 residents per day during the fourth quarter of 2023, with a total of 106 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Pine Acres Center for Nursing and Rehabilitation spent a total of $3,519 in one fine and suffered one penalty.

In total, there were seven for-profit nursing homes in Davidson County, North Carolina.

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 Davidson County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Abbotts Creek CenterRegency Health Services, LLCFor profit - Corporation161.3
Cedar Hills Center for Nursing and RehabilitationAccordius Health at Clemmons, LLCFor profit - Corporation179.1
Davidson Health and Rehabilitation CenterSaber Healthcare Holdings, LLCFor profit - Corporation294.4
Lexington Health Care CenterLexington Holdings I, LLCFor profit - Limited Liability company187.7
Magnolia Gardens Center for Nursing and RehabilitationMC M53 Specialist Opco HoldcoFor profit - Corporation297
Piedmont CrossingLee SyriaNon profit - Corporation581.6
Pine Acres Center for Nursing and RehabilitationAccordius Health at Lexington, LLC, HC Family Trust, and Zanziper Family TrustFor profit - Corporation299.3
Pine Ridge Health and Rehabilitation CenterRaymond Hill, Robert Hill, Stephen Hill, Principle It Services, Inc., and Principle Long Term Care, Inc.For profit - Corporation184.3

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