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Sunday, December 22, 2024

Who owned Providence Place 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, Providence Place was owned by Senior Care Communities, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Hennepin County, has been owned by Senior Care Communities since April 26, 1999.

Providence Place is registered as a non-profit facility.

During that period, the nursing home had an overall rating of one from the CMS, which is lagging behind the average of 3.3 recorded for nursing homes in Minnesota. 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, Providence Place aided an average of 152.8 residents per day during the fourth quarter of 2023, with a total of 190 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Providence Place spent a total of $88,200 in four fines and suffered five penalties.

In total, there were 27 non-profit nursing homes in Hennepin County, Minnesota.

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 Hennepin County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Aurora on FranceEbenezer SocietyNon profit - Corporation553.9
Benedictine Health Center of MinneapolisBenedictine Health SystemNon profit - Corporation280.7
Edenbrook of EdinaDan Feinstein, Mordechai Polstein, Rostislav Pukshansky, and Maxim SteselFor profit - Corporation162.1
Friendship Village of BloomingtonLifespace Communities, Inc.Non profit - Corporation563.8
Good Samaritan Society - Specialty Care CommunitySanford and The Evangelical Lutheran Good Samaritan SocietyNon profit - Corporation484.8
Haven Homes of Maple PlainElim Care, Inc.Non profit - Corporation558.2
Hopkins Health ServicesNSHC Wisconsin, LLCFor profit - Corporation245.7
InterludeAllina Health SystemNon profit - Corporation342.1
Lake Minnetonka ShoresPresbyterian Homes Housing and Assisted Living, Inc.Non profit - Corporation551
Lakehouse Healthcare and Rehabilitation CenterLake Harriet Operator Holdings, LLCFor profit - Corporation1203.3
Maranatha Care CenterPresbyterian Homes Housing and Assisted Living, Inc.Non profit - Corporation286.9
Martin Luther Care CenterMartin LM, LLCFor profit - Corporation3127.9
Mission Nursing HomeMissions Programs, Inc.Non profit - Corporation354.4
North Ridge Health and RehabilitationNorth Ridge Operator, LLCFor profit - Corporation2222.2
Providence PlaceSenior Care CommunitiesNon profit - Corporation1152.8
Redeemer Residence, Inc.Elim Care, Inc.Non profit - Corporation5112.9
Saint Therese at Oxbow LakeSaint Therese CommunitiesNon profit - Corporation560.3
The Birches at Trillium WoodsLCS Trillium Woods JV, LLCFor profit - Corporation537.6
The Estates at Bloomington, LLCJeffrey Arem, HML, LLC, Nij, LLC, Spartan Healthcare, LLC, William Stern, and Yazoma Holdings, LLCFor profit - Corporation162.4
The Estates at Chateau, LLCJeffrey Arem, Nij, LLC, Spartan Healthcare, LLC, William Stern, and Yazoma Holdings, LLCFor profit - Partnership260.4
The Estates at Excelsior, LLCNij, LLC, Spartan Healthcare, LLC, William Stern, and Yazoma Holdings, LLCGovernment - Hospital district330.2
The Estates at St. Louis Park, LLCJeffrey Arem, Nij, LLC, Spartan Healthcare, LLC, William Stern, and Yazoma Holdings, LLCFor profit - Corporation1121.5
The Terrace at Crystal, LLCGeorge KatzFor profit - Individual174.5
The Villas at Bryn Mawr, LLCMonarch Healthcare Operating XII, LLCFor profit - Corporation186.4
The Villas at Osseo, LLCNij, LLC, Spartan Healthcare, LLC, WBS Holdings, LLC, and Yazoma Holdings, LLCFor profit - Corporation292.7
The Villas at RichfieldNij, LLC, Spartan Healthcare, LLC, WBS Holdings, LLC, and Yazoma Holdings, LLCFor profit - Corporation293.4
The Villas at RobbinsdaleMonarch Healthcare Operating XII, LLCFor profit - Corporation165
The Villas at St. Louis Park, LLCMonarch Healthcare Operating XII, LLCFor profit - Corporation183.5
The Villas at the CedarsNij, LLC, Spartan Healthcare, LLC, WBS Holdings, LLC, and Yazoma Holdings, LLCFor profit - Corporation289.8
The Villas at the ParkNij, LLC, Spartan Healthcare, LLC, WBS Holdings, LLC, and Yazoma Holdings, LLCFor profit - Corporation241.2

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