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Tuesday, December 3, 2024

Who owned Regalcare at Greenfield in Q4 2023?

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CMS Chief of Stuff Erin Richardson | cms.gov/about-cms/leadership/chief-operating-officer

CMS Chief of Stuff Erin Richardson | cms.gov/about-cms/leadership/chief-operating-officer

As of the fourth quarter of 2023, Regalcare at Greenfield was owned by RC Opco Holdco, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Franklin County, has been owned by RC Opco Holdco, LLC since Sep. 1, 2022.

Regalcare at Greenfield is registered as a for-profit facility.

During that period, the nursing home boasted an overall rating of five from the CMS, which is higher than the average of 2.9 recorded for nursing homes in Massachusetts. 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, Regalcare at Greenfield aided an average of 89.2 residents per day during the fourth quarter of 2023, with a total of 120 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Regalcare at Greenfield achieved a zero-incident record for fines and penalties.

In total, there were two for-profit nursing homes in Franklin County, Massachusetts.

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 Franklin County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Charlene Manor Extended Care FacilityCec Management Systems, Inc.Non profit - Corporation3117.5
Poet's Seat Healthcare CenterAkiva Horowitz and Ephram LahaskyFor profit - Partnership155.9
Regalcare at GreenfieldRC Opco Holdco, LLCFor profit - Corporation589.2

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