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Friday, November 22, 2024

Who owned Rivers Edge Nursing and Rehabilitation Center in Q4 2023?

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CMS Deputy Chief Operating Officer John Czajkowski | cms.gov/about-cms/leadership/deputy-chief-operating-officer

CMS Deputy Chief Operating Officer John Czajkowski | cms.gov/about-cms/leadership/deputy-chief-operating-officer

As of the fourth quarter of 2023, Rivers Edge Nursing and Rehabilitation Center was owned by Principle It Services, Inc. and Principle Long Term Care, Inc., according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Jefferson County, has been owned by Principle It Services, Inc. and Principle Long Term Care, Inc. since Jan. 1, 2011.

Rivers Edge Nursing and Rehabilitation Center 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 2.7 recorded for nursing homes in Kentucky. 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, Rivers Edge Nursing and Rehabilitation Center aided an average of 80.6 residents per day during the fourth quarter of 2023, with a total of 100 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Rivers Edge Nursing and Rehabilitation Center achieved a zero-incident record for fines and penalties.

In total, there were 33 for-profit nursing homes in Jefferson County, Kentucky.

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 Jefferson County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Cherokee Park RehabilitationKY M53 Specialist Opco Holdco, LLCFor profit - Corporation191.1
Christian Health CenterChristian Care Communities, Inc.Non profit - Corporation286.4
Clifton Oaks Care and Rehabilitation Center, LLCMedical Rehabilitation Centers, LLCFor profit - Corporation1100.4
Essex Nursing and Rehabilitation CenterPrinciple It Services, Inc. and Principle Long Term Care, Inc.For profit - Corporation4113.3
Forest Springs Health CampusTrilogy Opco, LLCFor profit - Corporation550.3
Franciscan Health Care CenterTrilogy Opco, LLCFor profit - Corporation475
Glen Ridge Health CampusTrilogy Opco, LLCFor profit - Corporation357.5
Highlands Nursing and RehabilitationHighlands Nursing and Rehabilitation Holdings, LLCFor profit - Limited Liability company1143
Jeffersontown RehabilitationClearview KY Skilled Nursing Facility Holdco, LLCFor profit - Corporation284.1
Kindred Hospital - LouisvilleKindred Healthcare Operating, LLCFor profit - Corporation338.6
Klondike CenterHBR Kentucky, LLCFor profit - Corporation160.8
Landmark of Iroquois Park Rehabilitation and Nursing CenterA&M Healthcare Investments, LLCFor profit - Corporation179.3
Landmark of Louisville Rehabilitation and NursingA&M Healthcare Investments, LLCFor profit - Corporation1169
Landmark of River City Rehabilitation and NursingA&M Healthcare Investments, LLCFor profit - Corporation184.1
Louisville East Post AcuteProvidence Group of Kentuckiana, LLCFor profit - Corporation2169.2
Lyndon Woods Care and Rehabilitation, LLCMedical Rehabilitation Centers, LLCFor profit - Limited Liability company1107.5
Park Terrace Health CampusTrilogy Opco, LLCFor profit - Corporation576.3
Regency CenterHBR Kentucky, LLCFor profit - Corporation198.2
Rivers Edge Nursing and Rehabilitation CenterPrinciple It Services, Inc. and Principle Long Term Care, Inc.For profit - Corporation280.6
Seneca PlaceSeneca Place Holdings, LLCFor profit - Corporation195.8
Signature Healthcare at Jefferson Manor Rehabilitation and WeSHC LP Holdings, LLCFor profit - Corporation166.5
Signature Healthcare at Jefferson Place Rehabilitation and WeSHC LP Holdings, LLCFor profit - Corporation362.5
Signature Healthcare at Rockford Rehabilitation and WellnessSHC LP Holdings, LLCFor profit - Corporation286.7
Signature Healthcare at Summerfield Rehabilitation and WellneSHC LP Holdings, LLCFor profit - Corporation294.3
Signature Healthcare at U. of L. Mary and Elizabeth H.SHC LP Holdings, LLCFor profit - Corporation3-
Signature Healthcare of East LouisvilleLP CR Holdings, LLCFor profit - Corporation192.2
Signature Healthcare of South LouisvilleLP CR Holdings, LLCFor profit - Corporation171.7
Sycamore Heights Health and RehabilitationClearview KY Skilled Nursing Facility Holdco, LLCFor profit - Limited Liability company174.8
The Springs at Stony BrookTrilogy Opco, LLCFor profit - Corporation461.4
The Willows at Springhurst Opco, LLCTrilogy Opco, LLCNon profit - Corporation348.2
Valhalla Post AcuteProvidence Group, Inc.For profit - Corporation3149.5
Westport Place Health CampusTrilogy Opco, LLCFor profit - Corporation559.3

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