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Hamilton Reporter

Thursday, November 21, 2024

Who owned Soddy-Daisy Health Care Center 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, Soddy-Daisy Health Care Center was owned by Clearview TN Skilled Nursing Facility Holdco, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Hamilton County, has been owned by Clearview TN Skilled Nursing Facility Holdco, LLC since Dec. 1, 2021.

Soddy-Daisy Health Care Center 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 2.6 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, Soddy-Daisy Health Care Center aided an average of 97.8 residents per day during the fourth quarter of 2023, with a total of 134 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Soddy-Daisy Health Care Center achieved a zero-incident record for fines and penalties.

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

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Life Care Center of CollegedaleFund I Investments Limited PartnershipFor profit - Corporation3117.7
Life Care Center of East RidgeForrest PrestonFor profit - Corporation371
Life Care Center of OoltewahLife Care Affiliates IIFor profit - Corporation473.3
Life Care Center of Red BankLife Care Centers of America, Inc.For profit - Corporation299
NHC Healthcare, ChattanoogaNhc-Op LPFor profit - Corporation3181.4
Siskin Subacute WestSiskin Hospital for Physical RehabilitationNon profit - Corporation539.6
Soddy-Daisy Health Care CenterClearview TN Skilled Nursing Facility Holdco, LLCFor profit - Corporation397.8
The Health Center at Standifer PlaceCovenant Health Services, LLCFor profit - Limited Liability company4363.1
Viviant Healthcare of ChattanoogaChattanooga One Op Holdings, LLCFor profit - Limited Liability company147.8

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