Waterloo Times

As of the fourth quarter of 2023, Pinnacle Specialty Care was owned by Care Initiatives, according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Black Hawk County, has been owned by Care Initiatives since Sep. 1, 2009.

Pinnacle Specialty Care is registered as a non-profit facility.

During that period, the nursing home had an overall rating of three from the CMS, which is higher than the average of 2.9 recorded for nursing homes in Iowa. 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, Pinnacle Specialty Care aided an average of 90.5 residents per day during the fourth quarter of 2023, with a total of 100 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Pinnacle Specialty Care spent a total of $19,837 in two fines and suffered two penalties.

In total, there were 10 non-profit nursing homes in Black Hawk County, Iowa.

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
Cedar Falls Health Care Center	Greenside Healthcare Properties, LLC	For profit - Corporation	1	47
Friendship Village Retirement	Friends of Faith Retirement Homes, Inc.	Non profit - Corporation	3	68.5
Harmony House Health Care Center	ABCM Corporation	For profit - Corporation	4	38
Harmony Waterloo	Doros Generation Trust, GPN Family Trust, and Oakway Operations, LLC	Non profit - Corporation	2	73.6
Laporte City Specialty Care	Care Initiatives	Non profit - Corporation	4	43.9
Newaldaya Lifescapes	Cedar Falls Lutheran Home	Non profit - Church related	4	108
Northcrest Specialty Care	Care Initiatives	Non profit - Corporation	2	82.6
Pillar of Cedar Valley	Tamid Waterloo, LLC	Non profit - Corporation	2	137.1
Pinnacle Specialty Care	Care Initiatives	Non profit - Corporation	3	90.5
Ravenwood Specialty Care	Care Initiatives	Non profit - Corporation	2	128.6