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Sunday, November 24, 2024

Who owned Altercare Cambridge, Inc. 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 Cambridge, Inc. was owned by TSG Nursing Centers, Inc., according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Guernsey County, has been owned by TSG Nursing Centers, Inc. since June 1, 2018.

Altercare Cambridge, Inc. is registered as a for-profit facility.

During that period, the nursing home had an overall rating of three from the CMS, which is higher than 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 Cambridge, Inc. aided an average of 45.7 residents per day during the fourth quarter of 2023, with a total of 50 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Altercare Cambridge, Inc. spent a total of $8,149 in three fines and suffered three penalties.

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

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Altercare Cambridge, Inc.TSG Nursing Centers, Inc.For profit - Corporation345.7
Astoria Place of CambridgeEpic Healthcare Solutions, LLCFor profit - Corporation331.3
Embassy of CambridgeEmbassy Healthcare Holdings, Inc.For profit - Corporation161.1

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