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Monday, May 20, 2024

Who owned Meridian Nursing Home in Q4 2023?

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CMS Deputy Chief Operating Officer John Czajkowski | cms.gov/about-cms/leadership/deputy-chief-operating-officer

CMS Deputy Chief Operating Officer John Czajkowski | cms.gov/about-cms/leadership/deputy-chief-operating-officer

As of the fourth quarter of 2023, Meridian Nursing Home was owned by Tom Coble and Washita Valley Investments, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Stephens County, has been owned by Tom Coble and Washita Valley Investments, LLC since May 11, 2004.

Meridian Nursing Home is registered as a for-profit facility.

During that period, the nursing home boasted an overall rating of five from the CMS, which is higher than the average of 2.6 recorded for nursing homes in Oklahoma. 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, Meridian Nursing Home aided an average of 43.9 residents per day during the fourth quarter of 2023, with a total of 63 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Meridian Nursing Home achieved a zero-incident record for fines and penalties.

In total, there were five for-profit nursing homes in Stephens County, Oklahoma.

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 Stephens County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
ELK CrossingJeff Gregston, Kenneth Greiner, and Douglas MillerFor profit - Limited Liability company578.5
Gregston Nursing Home, Inc.Jeff GregstonFor profit - Corporation557.6
Marlow Nursing and RehabilitationBradford MontgomeryFor profit - Individual538.9
Meridian Nursing HomeTom Coble and Washita Valley Investments, LLCFor profit - Partnership543.9
Wilkins Health and Rehabilitation CommunityJames Brown, Tony Wilkins, and Tyler WilkinsFor profit - Corporation5108.6

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