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Friday, May 17, 2024

Who owned Pine Ridge Care Center in Q4 2023?

As of the fourth quarter of 2023, Pine Ridge Care Center was owned by GC Holding Company 3, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Marin County, has been owned by GC Holding Company 3, LLC since Aug. 1, 2022.

Pine Ridge Care 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 3.2 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, Pine Ridge Care Center aided an average of 91.3 residents per day during the fourth quarter of 2023, with a total of 101 beds available. Currently, the nursing home is not located within a hospital.

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

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

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Marin Post AcuteProvidence Group North, LLCFor profit - Limited Liability company1133.9
Northgate Postacute CareRMG Capital Partners, LLCFor profit - Corporation247.6
Novato Healthcare CenterAsru, LLC and Brius, LLCFor profit - Individual3159.8
Pine Ridge Care CenterGC Holding Company 3, LLCFor profit - Limited Liability company491.3
Professional Post Acute CenterCrescent Facilities Operations, LLCFor profit - Limited Liability company183.3
Smith Ranch Skilled Nursing and Rehabilitation CenterLife Generations Healthcare, LLCFor profit - Limited Liability company260.1

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