Quantcast

Shenandoah Valley News

Thursday, November 7, 2024

Who owned Life Care Center of New Market in Q4 2023?

Webp 25x0qsb6fzqa2r2dwd87cezkwz3l

CMS Principal Deputy Administrator and Chief Operating Officer Jonathan (Jon) Blum | thepcc.org

CMS Principal Deputy Administrator and Chief Operating Officer Jonathan (Jon) Blum | thepcc.org

As of the fourth quarter of 2023, Life Care Center of New Market was owned by Forrest Preston, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Shenandoah County, has been owned by Forrest Preston since Nov. 4, 1980.

Life Care Center of New Market is registered as a for-profit facility.

During that period, the nursing home boasted an overall rating of four from the CMS, which is higher than the average of 2.7 recorded for nursing homes in Virginia. 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, Life Care Center of New Market aided an average of 95.2 residents per day during the fourth quarter of 2023, with a total of 118 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Life Care Center of New Market achieved a zero-incident record for fines and penalties.

In total, there were three for-profit nursing homes in Shenandoah County, Virginia.

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 Shenandoah County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Life Care Center of New MarketForrest PrestonFor profit - Partnership495.2

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS