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Thursday, November 21, 2024

Who owned Cottonwood Nursing and Rehabilitation in Q4 2023?

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CMS Chief of Stuff Erin Richardson | cms.gov/about-cms/leadership/chief-operating-officer

CMS Chief of Stuff Erin Richardson | cms.gov/about-cms/leadership/chief-operating-officer

As of the fourth quarter of 2023, Cottonwood Nursing and Rehabilitation was owned by Honor X. Enterprises, LLC, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Denton County, has been owned by Honor X. Enterprises, LLC since Dec. 1, 2020.

Cottonwood Nursing and Rehabilitation 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 2.5 recorded for nursing homes in Texas. 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, Cottonwood Nursing and Rehabilitation aided an average of 38.5 residents per day during the fourth quarter of 2023, with a total of 60 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Cottonwood Nursing and Rehabilitation spent a total of $9,471 in two fines and suffered two penalties.

In total, there were 14 for-profit nursing homes in Denton County, Texas.

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 Denton County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Brookhaven Nursing and Rehabilitation CenterOlney-Hamilton Hospital DistrictFor profit - Corporation285.7
Cedar Ridge Rehabilitation and Healthcare CenterNexion Health of Ohi, Inc.For profit - Corporation171.4
Cottonwood Nursing and RehabilitationHonor X. Enterprises, LLCFor profit - Corporation238.5
Cross Timbers Rehabilitation and Healthcare CenterEastland Memorial Hospital DistrictFor profit - Corporation286
Lake Village Nursing and Rehabilitation CenterEastland Memorial Hospital DistrictFor profit - Corporation466.4
Longmeadow Healthcare CenterFannin County Hospital AuthorityFor profit - Limited Liability company1108.2
Pilot Point Care CenterLloyd DouglasFor profit - Corporation354.8
Rambling Oaks Courtyard Extensive Care CommunityBrian Thomas and Ricardo VillaFor profit - Corporation336.7
Remarkable Healthcare of PrestonwoodRemarkable Duo, LLCFor profit - Partnership157.7
Vista Ridge Nursing and Rehabilitation CenterHarden Non-Hud Holdco, LLCFor profit - Limited Liability company498.4

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