As of the fourth quarter of 2023, Market Square Health Care Center, LLC was owned by John Orestis, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Oxford County, has been owned by John Orestis since Nov. 15, 2014.
Market Square Health Care Center, LLC 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 Maine. 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, Market Square Health Care Center, LLC aided an average of 55.6 residents per day during the fourth quarter of 2023, with a total of 76 beds available. Currently, the nursing home is not located within a hospital.
As of the fourth quarter of 2023, Market Square Health Care Center, LLC spent a total of $3,250 in one fine and suffered one penalty.
In total, there were three for-profit nursing homes in Oxford County, Maine.
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 |
|---|---|---|---|---|
| Market Square Health Care Center, LLC | John Orestis | For profit – Corporation | 2 | 55.6 |
| Norway Center for Health and Rehabilitation, LLC | VK Health Facilities, LLC | For profit – Corporation | 5 | 38.9 |
| Rumford Community Home | Central Maine Healthcare Corporation | Non profit – Corporation | 1 | 29.5 |
