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Friday, January 17, 2025

Who owned Diversicare of Oak Ridge 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, Diversicare of Oak Ridge was owned by Diversicare Leasing LP, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Anderson County, has been owned by Diversicare Leasing LP since July 7, 2005.

Diversicare of Oak Ridge 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 2.6 recorded for nursing homes in Tennessee. 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, Diversicare of Oak Ridge aided an average of 98 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, Diversicare of Oak Ridge spent a total of $31,855 in four fines and suffered four penalties.

In total, there were five for-profit nursing homes in Anderson County, Tennessee.

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 Anderson County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Andersonville TN Opco, LLCAndersonville TN Holdco, LLCFor profit - Corporation377.3
Diversicare of Oak RidgeDiversicare Leasing LPFor profit - Corporation198
NHC Healthcare, Oak RidgeNational Health Leveraged Employee Stock Ownership Trust, Corp.For profit - Corporation5105.3
The Waters of Clinton, LLCMichael Blisko and Gubin Enterprises Limited PartnershipFor profit - Corporation381.9

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