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Friday, November 15, 2024

Who owned Magnolia Healthcare and Rehabilitation Center 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, Magnolia Healthcare and Rehabilitation Center was owned by Columbia TN Holdings, LLC, Benjamin Fishoff, and Gold River Holdings, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Maury County, has been owned by Columbia TN Holdings, LLC, Benjamin Fishoff, and Gold River Holdings, LLC since May 1, 2018.

Magnolia Healthcare and Rehabilitation Center is registered as a for-profit facility.

During that period, the nursing home had an overall rating of one from the CMS, which is lagging behind the average of 2.6 recorded for nursing homes in Tennessee. 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, Magnolia Healthcare and Rehabilitation Center aided an average of 84.2 residents per day during the fourth quarter of 2023, with a total of 181 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Magnolia Healthcare and Rehabilitation Center spent a total of $185,354 in five fines and suffered six penalties.

In total, there were five for-profit nursing homes in Maury County, Tennessee.

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 Maury County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Life Care Center of ColumbiaLife Care Affiliates IIFor profit - Corporation391.3
MT Pleasant Healthcare and RehabilitationTN M53 Specialist Opco Holdco, LLCFor profit - Corporation442.4
Magnolia Healthcare and Rehabilitation CenterColumbia TN Holdings, LLC, Benjamin Fishoff, and Gold River Holdings, LLCFor profit - Limited Liability company184.2
NHC Healthcare, ColumbiaNhc-Op LPFor profit - Corporation494.6
Nhc-Maury Regional Transitional Care CenterMaury Regional Hospital and Nhc-Op LPFor profit - Corporation596.3
The Reserve at Spring HillHoosier Care, Inc.Non profit - Church related451.4

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