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Thursday, November 21, 2024

Who owned Margate Health and Rehabilitation Center 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, Margate Health and Rehabilitation Center was owned by Margate Operating Holdings, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Broward County, has been owned by Margate Operating Holdings, LLC since Dec. 9, 2021.

Margate Health and Rehabilitation Center 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 3.1 recorded for nursing homes in Florida. 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, Margate Health and Rehabilitation Center aided an average of 154.3 residents per day during the fourth quarter of 2023, with a total of 170 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Margate Health and Rehabilitation Center achieved a zero-incident record for fines and penalties.

In total, there were 24 for-profit nursing homes in Broward County, Florida.

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 Broward County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Broward Nursing and Rehabilitation Center2012 Lipschutz Family Trust, Millennium Consolidated, LLC, Nonmarital Trust Under the Howard Lipschutz Revocable Trust 5/21/15, and Jody RodgersFor profit - Corporation2142.9
Dania Pointe Care CenterCenters for Aging and Rehabilitation of Florida, Inc.For profit - Corporation377.8
Deerfield Beach Health and Rehabilitation CenterFi-Broward Nursing, LLCNon profit - Corporation2169.1
FT Lauderdale Health and Rehabilitation CenterFTL Health, LLCFor profit - Limited Liability company4155.6
Glades West Rehabilitation and Nursing C.Miramar Nursing Center, LLCFor profit - Individual5112.4
Golfcrest Nursing CenterGolfcrest Nursing Member, LLCFor profit - Limited Liability company261.3
Harbor Beach Nursing and Rehabilitation CenterEpsilon Health Care Properties, LLCFor profit - Corporation146.9
Hillcrest Health Care and Rehabilitation CenterEpsilon Health Care Properties, LLCFor profit - Limited Liability company2168.4
Kindred Hospital South Florida HollywoodKindred Healthcare Operating, LLCFor profit - Limited Liability company428.7
Life Care Center at InverraryForrest PrestonFor profit - Corporation3103.9
Margate Health and Rehabilitation CenterMargate Operating Holdings, LLCFor profit - Limited Liability company4154.3
Nspire Healthcare LauderhillMLNM Master Tenant, LLCFor profit - Corporation298.6
Nspire Healthcare TamaracMLNM Master Tenant, LLCFor profit - Corporation2112.5
Pompano Health and Rehabilitation CenterFi-Pompano Rehabilitation, LLC and Florida Institute for Long Term Care, LLCNon profit - Corporation2115
Regents Park of SunriseInstitute for Senior Living of Florida, Inc.For profit - Corporation4113.1
Seaview Nursing and Rehabilitation CenterEpsilon Health Care Properties, LLCFor profit - Limited Liability company353.4
Solaris Healthcare Coconut CreekCoconut Creek Healthcare Holdings, LLCNon profit - Other4110.4
Springtree Rehabilitation and Health Care Center2012 Lipschutz Family Trust, Barry Kantrowitz, Millennium Consolidated, LLC, and Nonmarital Trust Under the Howard Lipschutz Revocable Trust 5/21/15For profit - Corporation499.9
St. Johns Nursing CenterSt. Johns Rehabilitation Hospital and Nursing Center, Inc.Non profit - Corporation3170.7
Sunrise Health and Rehabilitation CenterSunrise Nursing Home Operations Company Holdings, LLCFor profit - Corporation2196.3
Tamarac Rehabilitation and Health CenterHBA Management, Inc.For profit - Corporation489.3
Wilton Manors Healthcare and Rehabilitation CenterWilton Manors Skilled Nursing Facility Holdco, LLCFor profit - Corporation2134.8

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