CCN 105437 · Citrus County, Florida
Cypress Cove Care Center
700 SE Dr Martin Luther Jr Ave, Crystal River, FL 34429
Cypress Cove Care Center is a 120-bed nonprofit nursing home in Crystal River, Florida, first certified for Medicare or Medicaid in 1983. CMS rates it 5 out of 5 stars overall in its September 2026 data, and it averaged 110.5 residents a day, about 92% of its certified beds. We found no FHA-insured Section 232 loan for it in HUD's healthcare endorsement database (fiscal 2001 onward).
Facility facts
- Certified beds
- 120
- Average residents per day
- 110.5 (92.1% of beds)
- Ownership type
- Non profit - Corporation
- Certification
- Medicare and Medicaid
- Legal business name
- Cypress Cove Care Center, LLC
- Certified since
- Jun 14, 1983
- Chain or affiliated group
- Health Services Management (16 facilities, chain average 3.2 stars)
- Location
- Urban
Ratings and staffing
Star ratings run from 1 to 5. Staffing is nurse hours per resident per day from CMS Payroll Based Journal data; turnover is the CMS annual nursing staff turnover rate. Occupancy is CMS's average daily census divided by certified beds.
| Measure | This facility | Florida median | US median |
|---|---|---|---|
| Overall rating | 5 of 5 | State spread: 89 at 1, 143 at 2, 125 at 3, 156 at 4, 178 at 5 | |
| Health inspections | 4 of 5 | ||
| Quality measures | 5 of 5 | ||
| Staffing | 4 of 5 | ||
| Total nurse hours per resident per day | 3.79 | 3.63 | 3.68 |
| RN hours per resident per day | 0.55 | 0.62 | 0.58 |
| Weekend nurse hours per resident per day | 3.44 | ||
| Nursing staff turnover | 34.3% | 41.9% | 44.9% |
| Occupancy (residents / beds) | 92.1% | 92.2% | 85.7% |
| Fines reported by CMS | None | ||
| Health deficiencies, latest standard survey | 2 (Apr 30, 2026) | ||
HUD 223(f) Express Lane: the CMS part
HUD gives 223(f) applications queue priority when the facility has CMS overall and health inspection ratings of at least 2 stars and no abuse icon, among other tests (ORCF criteria of March 31, 2026). Cypress Cove Care Center meets that part today: 5 stars overall, 4 on health inspections, no abuse icon. The loan-to-value, coverage and operator tests depend on the deal. All the criteria.
Who owns and operates it
These are the owners and operators the facility reported to CMS: anyone with a 5% or greater direct or indirect stake, and any organization with operational or managerial control.
| Name | Role | Share | Since |
|---|---|---|---|
| Health Services Management, Inc.Organization | Direct Ownership Interest | 100% | 10/01/2000 |
| National Health Investors, Inc.Organization | Mortgage Interest | n/a | 01/10/2022 |
| Nhi-REIT of Florida, LLCOrganization | Mortgage Interest | n/a | 01/10/2022 |
| Health Services Management, Inc.Organization | Operational / Managerial Control | n/a | 01/10/2022 |
| Baxter, KevinIndividual | Operational / Managerial Control | n/a | 01/10/2022 |
| Deven, UlhasIndividual | Operational / Managerial Control | n/a | 01/10/2022 |
| Fisher, ScottIndividual | Operational / Managerial Control | n/a | 01/10/2022 |
| Jackson, BrianIndividual | Operational / Managerial Control | n/a | 01/10/2022 |
| Shatz, JimIndividual | Operational / Managerial Control | n/a | 01/10/2022 |
| White, JoshuaIndividual | Operational / Managerial Control | n/a | 01/10/2022 |
| Yerbury, HeidiIndividual | Operational / Managerial Control | n/a | 01/10/2022 |
In its Medicare enrollment record, the facility reported a real estate investment trust owner: National Health Investors, Inc.. Those flags are self-reported to CMS and many PE and REIT ties go unflagged.
Holders of a 5% or greater mortgage interest reported in the enrollment record: National Health Investors, Inc., Nhi-REIT of Florida, LLC.
Changes of ownership
No change of ownership for this facility appears in the CMS change-of-ownership file, which starts in January 2016.
HUD Section 232 loans
No FHA-insured loan matching this facility appears in HUD's database of healthcare endorsements, which covers fiscal 2001 onward (HUD data run of July 8, 2026). A loan could still exist under a different project name or from before 2001.
Sources and dates
Facility, rating, staffing and ownership data: CMS Provider Information and CMS Ownership, processing date September 2026. Private equity, REIT and mortgage-interest flags and changes of ownership: CMS Skilled Nursing Facility All Owners and Change of Ownership files (2026-10-01). FHA-insured loans: HUD Office of Healthcare Programs endorsement database, data run July 8, 2026. How we join them, and what the join can get wrong: methodology.
SNF Register is independent. It is not affiliated with or endorsed by CMS, HUD or FHA. Spotted an error? Write to hello@hudskillednursing.loan.