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Saturday, December 21, 2024

Who owned Addison Healthcare Center in Q4 2023?

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CMS Administrator Chiquita Brooks-LaSure | Wikipedia

CMS Administrator Chiquita Brooks-LaSure | Wikipedia

As of the fourth quarter of 2023, Addison Healthcare Center was owned by Sxcy MSTR Lsco, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Trumbull County, has been owned by Sxcy MSTR Lsco, LLC since March 1, 2018.

Addison Healthcare Center is registered as a for-profit facility.

During that period, the nursing home boasted an overall rating of four from the CMS, which is higher than the average of 2.8 recorded for nursing homes in Ohio. 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, Addison Healthcare Center aided an average of 46.5 residents per day during the fourth quarter of 2023, with a total of 64 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Addison Healthcare Center achieved a zero-incident record for fines and penalties.

In total, there were 14 for-profit nursing homes in Trumbull County, Ohio.

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 Trumbull County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Addison Healthcare CenterSxcy MSTR Lsco, LLCFor profit - Corporation446.5
Autumn Hills Care CenterContinuing Healthcare Solutions, Inc.For profit - Corporation3102.5
Concord Care Center of CortlandHindy Amsel, Jeffrey Goldstein, Alexander Sherman, Samuel Sherman, Tzvi Sherman, Yehuda Sherman, and Batsheva TratnerFor profit - Corporation225.2
Cortland CenterSaber Healthcare Holdings, LLCFor profit - Corporation544.9
Gillette Nursing HomeCharles Stein, Douglas Stein, Todd Stein, and Amy WaidFor profit - Corporation490.8
Laurie Ann Nursing HomeJoshua Gresock, Janet Harris, Adam Holland-Gresock, Patricia Holland-Gresock, Benjamin Holland, Nicholas Holland, Noah Holland, and John Muirden-HollandFor profit - Corporation245.3
Liberty Health Care Center, Inc.Omni Manor, Inc.For profit - Corporation299.2
O'Brien Memorial Health Care C.John MasternickFor profit - Corporation371.7
Ohio Living Lake VistaLaurence GuminaNon profit - Corporation536.8
Vista Center at the RidgeContinuing Healthcare Solutions, Inc.For profit - Corporation2130.3
Warren Nursing and RehabilitationAlyssa Barenbaum, Castle Rock Nursing Member, LLC, Mikols Gottlieb, Meb IRRV Trustee, Philpson Family Limited Liability Company, LLC, and YFR Equities, LLCFor profit - Corporation280.2
Washington Square Healthcare CenterYitzchok Blumenkrantz, Irving Brecher, Mendel Brecher, Jeffrey Goldstein, Ernest Schlesinger, Israel Sherman, Samuel Sherman, and Jacob WeissFor profit - Partnership356.3
White Oak ManorWarren Associates Limited PartnershipFor profit - Corporation128.7

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