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Tuesday, November 5, 2024

Who owned Signature Healthcare of Kinston 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, Signature Healthcare of Kinston was owned by SHC LP Holdings, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Lenoir County, has been owned by SHC LP Holdings, LLC since Aug. 1, 2014.

Signature Healthcare of Kinston 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 North Carolina. 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, Signature Healthcare of Kinston aided an average of 83.6 residents per day during the fourth quarter of 2023, with a total of 106 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Signature Healthcare of Kinston spent a total of $112,192 in four fines and suffered five penalties.

In total, there were three for-profit nursing homes in Lenoir County, North Carolina.

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 Lenoir County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Harmony Hall Nursing and Rehabilitation CenterRaymond Hill, Robert Hill, Stephen Hill, Principle It Services, Inc., and Principle Long Term Care, Inc.For profit - Corporation2105.5
NC State Veterans Home-KinstonNC Department of Military and Veterans Affairs NC Div of Vets AffairsFor profit - Corporation567.3
Signature Healthcare of KinstonSHC LP Holdings, LLCFor profit - Limited Liability company183.6

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