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Thursday, November 21, 2024

Who owned The Oaks of Houma 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, The Oaks of Houma was owned by eight stakeholders, according to Centers for Medicare and Medicaid Services (CMS).

Current The Oaks of Houma owners are listed in the table below.

The Oaks of Houma is registered as a for-profit facility.

During that period, the nursing home boasted an overall rating of four from the CMS, which is higher than the average of 2.2 recorded for nursing homes in Louisiana. 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, The Oaks of Houma aided an average of 105.1 residents per day during the fourth quarter of 2023, with a total of 120 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, The Oaks of Houma achieved a zero-incident record for fines and penalties.

In total, there were three for-profit nursing homes in Terrebonne County, Louisiana.

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 Terrebonne County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Chateau Terrebonne Health CareQuality Home Group, LLCFor profit - Corporation1160.8
Heritage Manor of HoumaACT Investments, LLC and Medico, LLCFor profit - Limited Liability company3115.3
Terrebonne General Med Center Skilled Nursing FacilityTerrebonne Parish Hospital Service District #1Non profit - Other51.5
The Oaks of HoumaEdwin Borland, Ccap, LLC, Clifford Depriest, Extended Care Associates, Inc., Andrew Hughes, Toni Parkinson, Tanya Procell, and Michael ScanlanFor profit - Limited Liability company4105.1

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