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Saturday, May 18, 2024

Who owned Regalcare at Holyoke 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, Regalcare at Holyoke was owned by RC Opco Holdco, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Hampden County, has been owned by RC Opco Holdco, LLC since Sep. 1, 2022.

Regalcare at Holyoke is registered as a for-profit facility.

During that period, the nursing home had an overall rating of three from the CMS, which is higher than the average of 2.9 recorded for nursing homes in Massachusetts. 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, Regalcare at Holyoke aided an average of 102.6 residents per day during the fourth quarter of 2023, with a total of 102 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Regalcare at Holyoke spent a total of $22,669 in three fines and suffered three penalties.

In total, there were 20 for-profit nursing homes in Hampden County, Massachusetts.

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 Hampden County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Care One at HolyokeThci of Massachusetts, LLCFor profit - Limited Liability company5162.1
Chicopee Rehabilitation and NursingAkiva Horowitz and Ephram LahaskyFor profit - Limited Liability company162.5
Day Brook Village Senior LivingIntegritus Healthcare, Inc.Non profit - Corporation188.4
Julian J. Levitt Family Nursing HomeJGS Lifecare CorporationNon profit - Corporation4176.9
Life Care Center of WilbrahamLife Care Affiliates IIFor profit - Partnership599.3
Mary's Meadow at Providence PlaceSisters of Providence Ministry CorporationNon profit - Church related537
Mont Marie Rehabilitation and Healthcare CenterQuinto Guardian, LLC and UKR Consulting, LLCFor profit - Limited Liability company378.7
Regalcare at HolyokeRC Opco Holdco, LLCFor profit - Limited Liability company3102.6
Renaissance Manor on CabotSummit Care, LLCFor profit - Limited Liability company429
Sixteen Acres Healthcare CenterBear Mountain Healthcare, LLCFor profit - Limited Liability company1110.7
Vantage at Wilbraham, LLCVantage Opco Holdco, LLCFor profit - Limited Liability company1111.7
Westfield CenterMassachusetts Holdings I, LLCFor profit - Corporation565
Westfield Gardens Nursing and RehabilitationJoshua Farkovits, Jordan Fensterman, David Gamzeh, Akiva Glatzer, and Ephram LahaskyFor profit - Limited Liability company259.8

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