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Friday, May 17, 2024

Who owned Summerford Health and Rehabilitation, LLC 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, Summerford Health and Rehabilitation, LLC was owned by SF Soco Holdings, LLC and SFL Holdco, LLC, according to Centers for Medicare and Medicaid Services (CMS).

Summerford Health and Rehabilitation, LLC 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 2.9 recorded for nursing homes in Alabama. 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, Summerford Health and Rehabilitation, LLC aided an average of 145.6 residents per day during the fourth quarter of 2023, with a total of 216 beds available. Currently, the nursing home is not located within a hospital.

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

In total, there were four for-profit nursing homes in Morgan County, Alabama.

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 Morgan County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Decatur Health and Rehabilitation CenterAlabama Skilled Nursing Facility Operations Holdings, LLCFor profit - Limited Liability company559.9
Falkville Health Care CenterAlabama Skilled Nursing Facility Operations Holdings, LLCFor profit - Corporation271.2
River City CenterGenesis Holdings, LLCFor profit - Corporation1153.9
Summerford Health and Rehabilitation, LLCSF Soco Holdings, LLC and SFL Holdco, LLCFor profit - Individual2145.6

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