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Thursday, November 21, 2024

Who owned Avante at Inverness, Inc. in Q4 2023?

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CMS Principal Deputy Administrator and Chief Operating Officer Jonathan (Jon) Blum | thepcc.org

CMS Principal Deputy Administrator and Chief Operating Officer Jonathan (Jon) Blum | thepcc.org

As of the fourth quarter of 2023, Avante at Inverness, Inc. was owned by Agent Holdings, Inc., according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Citrus County, has been owned by Agent Holdings, Inc. since Oct. 22, 1990.

Avante at Inverness, Inc. is registered as a for-profit facility.

During that period, the nursing home had an overall rating of two from the CMS, which is lagging behind 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, Avante at Inverness, Inc. aided an average of 94 residents per day during the fourth quarter of 2023, with a total of 104 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Avante at Inverness, Inc. achieved a zero-incident record for fines and penalties.

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

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Arbor Trail Rehabilitation and Skilled Nursing CenterSovereign Healthcare Holdings, LLCFor profit - Limited Liability company3101.6
Avante at Inverness, Inc.Agent Holdings, Inc.For profit - Corporation294
Citrus Health and Rehabilitation CenterSkilled Nursing Facility AA 03, LLCFor profit - Corporation299.5
Crystal River 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 - Corporation1124.5
Diamond Ridge Health and Rehabilitation CenterAlan Davis, Joseph Mitchell, and Summit Care Group II Operations Holdings, LLCFor profit - Limited Liability company2122.3
Grove Healthcare and Rehabilitation Center and RehCitrus Hills Nursing and Rehabilitation Holdco, LLCFor profit - Corporation4114.4
Health Center at BrentwoodEpsilon Health Care Properties, LLCFor profit - Corporation3108.2
Life Care Center of Citrus CountyLife Care Centers of America, Inc.For profit - Corporation4107.9

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