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Tuesday, May 14, 2024

Who owned Solaris Healthcare Merritt Island in Q4 2023?

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CMS Administrator Chiquita Brooks-LaSure | Wikipedia

CMS Administrator Chiquita Brooks-LaSure | Wikipedia

As of the fourth quarter of 2023, Solaris Healthcare Merritt Island was owned by Merritt Island Healthcare Holdings, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Brevard County, has been owned by Merritt Island Healthcare Holdings, LLC since Oct. 20, 2015.

Solaris Healthcare Merritt Island is registered as a non-profit facility.

During that period, the nursing home boasted an overall rating of four from the CMS, which is higher than the average of 3.1 recorded for nursing homes in Florida. 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, Solaris Healthcare Merritt Island aided an average of 175.6 residents per day during the fourth quarter of 2023, with a total of 180 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Solaris Healthcare Merritt Island spent a total of $14,508 in one fine and suffered one penalty.

In total, there were three non-profit nursing homes in Brevard County, Florida.

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 Brevard County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Anchor Care and Rehabilitation CenterSimcha Hyman and Naftali ZanziperFor profit - Corporation2105.8
Atlantic Shores Nursing and Rehabilitation CenterSovereign Healthcare Holdings, LLCFor profit - Corporation3111.8
Avante at Melbourne, Inc.Agent Holdings, Inc.For profit - Corporation390.2
Bedrock Rehabilitation and Nursing Center at MelboCarnegie Gardens Operating Investments, LLCFor profit - Individual299.1
Indian River CenterGabriel Living Center, LLCFor profit - Corporation2164.9
Island Health and Rehabilitation CenterEpsilon Health Care Properties, LLCFor profit - Corporation194
Life Care Center of MelbourneForrest PrestonFor profit - Corporation5116.3
Life Care Center of Palm BayForrest PrestonFor profit - Corporation4132.1
Melbourne Terrace Rehabilitation CenterSBK Capital, LLCFor profit - Limited Liability company5167
Nursing and Rehabilitation Center of MelbourneMelbourne Member, LLCFor profit - Individual3155.3
Rockledge Healthcare and Rehabilitation CenterRockledge Skilled Nursing Facility Holdco, LLCFor profit - Limited Liability company2102.5
Royal Oaks Nursing and Rehabilitation CenterSovereign Healthcare Holdings, LLCFor profit - Limited Liability company3110.2
Solaris Healthcare Merritt IslandMerritt Island Healthcare Holdings, LLCNon profit - Corporation4175.6
Sunrise Point Health and Rehabilitation CenterSimcha Hyman and Naftali ZanziperFor profit - Limited Liability company194.9
The Palms Rehabilitation and Healthcare CenterEpsilon Health Care Properties, LLCFor profit - Corporation2111.9
Titusville Rehabilitation and Nursing CenterSun Coast Nursing Centers, Inc.Non profit - Corporation477.1
Vista ManorEpsilon Health Care Properties, LLCFor profit - Corporation2111.4
West Melbourne Health and Rehabilitation CenterJames Estes, James N. Estes JR Family Dynasty Trustee No 2, James Norman Estes JR Trustee, Jennifer E. Agee Family Dynasty Trustee No 2, and Jennifer Lee Estes Trustee 031093For profit - Corporation1154.3

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