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Thursday, November 21, 2024

Who owned Universal Health Care/King 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, Universal Health Care/King was owned by Donald Beaver, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Stokes County, has been owned by Donald Beaver since April 29, 2002.

Universal Health Care/King 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, Universal Health Care/King aided an average of 88.1 residents per day during the fourth quarter of 2023, with a total of 96 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Universal Health Care/King spent a total of $111,572 in two fines and suffered three penalties.

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

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Stokes County Nursing HomeLifebrite Hospital Group, LLCFor profit - Limited Liability company235.7
Universal Health Care/KingDonald BeaverFor profit - Corporation188.1
Village Care of KingAutumn CorporationFor profit - Corporation276.9
Walnut Cove Health and Rehabilitation CenterCentennial Healthcare Holding Company, LLCFor profit - Corporation382.5

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