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Sunday, December 22, 2024

Who owned Complete Care at Wheaton in Q4 2023?

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CMS Chief of Stuff Erin Richardson | cms.gov/about-cms/leadership/chief-operating-officer

CMS Chief of Stuff Erin Richardson | cms.gov/about-cms/leadership/chief-operating-officer

As of the fourth quarter of 2023, Complete Care at Wheaton was owned by MD5 Opco Holdco LLC, PC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Montgomery County, has been owned by MD5 Opco Holdco LLC, PC since Feb. 1, 2023.

Complete Care at Wheaton is registered as a for-profit facility.

During that period, the nursing home had an overall rating of three from the CMS, which is higher than the average of 2.8 recorded for nursing homes in Maryland. 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, Complete Care at Wheaton aided an average of 95.1 residents per day during the fourth quarter of 2023, with a total of 116 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Complete Care at Wheaton achieved a zero-incident record for fines and penalties.

In total, there were 23 for-profit nursing homes in Montgomery County, Maryland.

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 Montgomery County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Althea Woodland Nursing HomePhilip Meyer and Toni MeyerFor profit - Individual346.3
Autumn Lake Healthcare at Oak Manor3415 Greencastle Road Holdco, LLCFor profit - Corporation4116.3
Autumn Lake Healthcare at OakviewOakview Holdco, LLCFor profit - Corporation2118.6
Bedford Court Healthcare CenterWelltower Opco Group, LLCFor profit - Corporation542.8
Bel PRE Healthcare CenterOption Holdings II, LLC and Second Option Op County, LLCFor profit - Corporation179.1
Carriage Hill BethesdaDerek VucichFor profit - Corporation272.8
Collingswood Rehabilitation and Healthcare CenterManufacturers and Traders Trust Company, Quinto Holdings, LLC, and UKR Consulting, LLCFor profit - Corporation2145.6
Complete Care at SpringbrookMD5 Opco Holdco LLC, PCFor profit - Limited Liability company582
Complete Care at WheatonMD5 Opco Holdco LLC, PCFor profit - Limited Liability company395.1
Fairland CenterGenesis Operations III, LLCFor profit - Limited Liability company282.3
Fox Chase HealthcareSimcha Hyman and Naftali ZanziperFor profit - Corporation166.5
Ingleside at King FarmWestminster Ingleside King Farm Retirement Communities, Inc.Non profit - Corporation532.3
Kensington Healthcare CenterWo Holdings, LLCFor profit - Corporation2133.1
Layhill Nursing and Rehabilitation CenterThunder Health Holdco, LLCFor profit - Corporation3125.7
Montcare at BethesdaHCR III Healthcare, LLCNon profit - Corporation385
Montcare at PotomacHCR III Healthcare, LLCNon profit - Other4148.8
Montcare at WheatonHCR III Healthcare, LLCFor profit - Corporation389.3
Montgomery Village Care CenterMontgomery Operator Holdco, LLCFor profit - Corporation4146
Potomac Valley Rehabilitation and HealthcareCP Health Holdco, LLCFor profit - Limited Liability company3167.7
Regency Care of Silver Spring, LLCSteven Womack and Melvin WoodwardFor profit - Partnership375.4
Shady Grove Nursing and Rehabilitation CenterThunder Health Holdco, LLCFor profit - Limited Liability company1138.5
Sligo Creek HealthcareSimcha Hyman and Naftali ZanziperFor profit - Corporation491.3
Sterling Care BethesdaBBF Holdings, LLCFor profit - Corporation2179
Sterling Care Rockville NursingNathan Jakobovits and Jeffrey KaganNon profit - Corporation485.9
Tuckerman Rehabilitation and Healthcare CenterQuinto Nexgen, LLC and UKR Nexgen, LLCFor profit - Corporation532.3
Wilson Health Care CenterAsbury Communities, Inc.Non profit - Corporation5175.7

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