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Sunday, May 19, 2024

Who owned Altercare of Wadsworth 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, Altercare of Wadsworth was owned by TSG Nursing Centers, Inc., according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Medina County, has been owned by TSG Nursing Centers, Inc. since Jan. 1, 2003.

Altercare of Wadsworth 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 2.8 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, Altercare of Wadsworth aided an average of 75.1 residents per day during the fourth quarter of 2023, with a total of 108 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Altercare of Wadsworth achieved a zero-incident record for fines and penalties.

In total, there were 10 for-profit nursing homes in Medina 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 Medina County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Altercare of WadsworthTSG Nursing Centers, Inc.For profit - Corporation275.1
Avenue at MedinaEitan Flank, Liat Flank, Matan Flank, Mike Flank, Shaul Flank, and Joel SausenFor profit - Corporation456
Brunswick Pointe Transitional CareFoundations Health, LLCFor profit - Corporation486.7
Life Care Center of MedinaForrest PrestonFor profit - Corporation4106.1
Medina Center for Rehabilitation and NursingJeffrey Goldstein and Lea ShermanFor profit - Corporation167.1
Medina Meadows Rehabilitation and Nursing CentreSharona Grunspan and Shayne KrichevskyFor profit - Individual452.2
Pearlview Rehabilitation and Wellness CenterProgressive 3 Opco Holdco, LLCFor profit - Corporation246.6
Sanctuary WadsworthSanctuary Health Network, LLCFor profit - Individual353.2
Wadsworth PointeSaber Healthcare Holdings, LLCFor profit - Corporation559.3
Willowood Care Center of BrunswickCarecore Health Willowood Holdings, LLCFor profit - Corporation487.6

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