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East Idaho Times

Tuesday, December 24, 2024

Who owned Promontory Point 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, Promontory Point Rehabilitation was owned by four stakeholders, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Bonneville County, has been owned by them since Oct. 22, 2009.

Current Promontory Point Rehabilitation owners are listed in the table below.

Promontory Point Rehabilitation is registered as a for-profit facility.

During that period, the nursing home had an overall rating of three from the CMS, which is lagging behind the average of 3.4 recorded for nursing homes in Idaho. 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, Promontory Point Rehabilitation aided an average of 26.5 residents per day during the fourth quarter of 2023, with a total of 30 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Promontory Point Rehabilitation spent a total of $5,270 in two fines and suffered two penalties.

In total, there were three for-profit nursing homes in Bonneville County, Idaho.

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 Bonneville County as of Q4 2023

Nursing HomeOwnerOwnership TypeOverall RatingAvg. No. of Residents per day
Eagle Rock Health and Rehabilitation of CasacadiaCascadia Idaho Operations, LLCNon profit - Corporation435.8
Life Care Center of Idaho FallsForrest PrestonFor profit - Corporation564.1
Promontory Point RehabilitationJames Adamson, BV Operations, LLC, MVH Skilled Nursing Facility Holding, LLC, and Transitional Care Unit Management Company, LLCFor profit - Limited Liability company326.5
Teton Healthcare of CascadiaCascadia Idaho Operations, LLCFor profit - Limited Liability company456.1

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