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Sunday, December 22, 2024

Who owned Roseville Point Health and Wellness 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, Roseville Point Health and Wellness Center was owned by Sol Majer, Shlomo Rechnitz, and Sol Healthcare, LLC, according to Centers for Medicare and Medicaid Services (CMS).

Roseville Point Health and Wellness 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 3.2 recorded for nursing homes in California. 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, Roseville Point Health and Wellness Center aided an average of 79.2 residents per day during the fourth quarter of 2023, with a total of 98 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Roseville Point Health and Wellness Center spent a total of $73,968 in 11 fines and suffered 13 penalties.

In total, there were nine for-profit nursing homes in Placer County, California.

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 Placer County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Auburn Oaks Care CenterHudson River Opco, LLCFor profit - Limited Liability company492.9
Oak Ridge Healthcare CenterRosebay, LLCFor profit - Corporation462
Pine Creek Care CenterHudson River Opco, LLCFor profit - Corporation492.4
Roseville Care CenterHudson River Opco, LLCFor profit - Limited Liability company4167.9
Roseville Point Health and Wellness CenterSol Majer, Shlomo Rechnitz, and Sol Healthcare, LLCFor profit - Limited Liability company179.2
Siena Skilled Nursing and Rehabilitation CenterLife Generations Healthcare, LLCFor profit - Limited Liability company585
Westview Healthcare CenterHudson River Opco, LLCFor profit - Corporation2166.6

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