Hot Springs Times

As of the fourth quarter of 2023, The Springs of Park Ave was owned by four stakeholders, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Garland County, has been owned by them since March 31, 2022.

Current The Springs of Park Ave owners are listed in the table below.

The Springs of Park Ave 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 3.0 recorded for nursing homes in Arkansas. 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 Springs of Park Ave aided an average of 68 residents per day during the fourth quarter of 2023, with a total of 95 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, The Springs of Park Ave spent a total of $36,004 in three fines and suffered three penalties.

In total, there were eight for-profit nursing homes in Garland County, Arkansas.

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 Home	Owner	Ownership Type	Overall Rating	Avg. No. of Residents per day
Belvedere Nursing and Rehabilitation Center, LLC	Paralea Hursh, Michael Morton, David Norsworthy, and Jerry Sams	For profit - Limited Liability company	3	110.2
Lake Hamilton Health and Rehabilitation	Michael Morton	For profit - Limited Liability company	4	74.1
Lakewood Therapy and Living Center	Big Rock Skilled Nursing Facility Opco Holdings LP	For profit - Limited Liability company	3	35.6
Quapaw Care and Rehabilitation Center, LLC	Michael Morton	For profit - Corporation	2	103.7
The Blossoms at Hot Springs Rehabilitation and Nursing Center	Pine Tree Holding, LLC	For profit - Limited Liability company	3	66.2
The Pines Nursing and Rehabilitation Center	4P2T1 OPS Holding LP	For profit - Limited Liability company	5	79.9
The Springs of Park Ave	Isaac Gutman, Chaim Herzberg, Alexander Hoffman, and Jacob Taub	For profit - Limited Liability company	2	68
Village Springs Health and Rehabilitation of Hot Springs	Big Rock Skilled Nursing Facility Opco Holdings LP	For profit - Corporation	2	91.9