CCN 105694 · Pinellas County, Florida
Sabal Palms Health & Rehabilitation
499 Alternate Keene Rd NE, Largo, FL 33771
Sabal Palms Health & Rehabilitation is a 244-bed for-profit nursing home in Largo, Florida, first certified for Medicare or Medicaid in 1990. CMS rates it 2 out of 5 stars overall in its September 2026 data, and it averaged 199.3 residents a day, about 82% of its certified beds. It has an active FHA-insured Section 232 loan: $29.4 million originally, at 2.44%, with $26.2 million outstanding as of September 30, 2026 and maturity in February 2052.
Facility facts
- Certified beds
- 244
- Average residents per day
- 199.3 (81.7% of beds)
- Ownership type
- For profit - Limited Liability company
- Certification
- Medicare and Medicaid
- Legal business name
- Medinvest Company Limited Partnership
- Certified since
- May 18, 1990
- Chain or affiliated group
- The Goodman Group (9 facilities, chain average 3.4 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 | 2 of 5 | State spread: 89 at 1, 143 at 2, 125 at 3, 156 at 4, 178 at 5 | |
| Health inspections | 2 of 5 | ||
| Quality measures | 3 of 5 | ||
| Staffing | 3 of 5 | ||
| Total nurse hours per resident per day | 4.00 | 3.63 | 3.68 |
| RN hours per resident per day | 0.78 | 0.62 | 0.58 |
| Weekend nurse hours per resident per day | 3.71 | ||
| Nursing staff turnover | 39.8% | 41.9% | 44.9% |
| Occupancy (residents / beds) | 81.7% | 92.2% | 85.7% |
| Fines reported by CMS | None | ||
| Health deficiencies, latest standard survey | 5 (Jul 25, 2024) | ||
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). Sabal Palms Health & Rehabilitation meets that part today: 2 stars overall, 2 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 |
|---|---|---|---|
| John B. Goodman 2006 Irrv Grantor TrOrganization | Direct Ownership Interest | n/a | 02/28/2017 |
| Medinvest Company Limited PartnershipOrganization | Direct Ownership Interest | n/a | 07/27/1990 |
| The Goodman Group Properties LLCOrganization | Direct Ownership Interest | n/a | 01/01/2007 |
| John B. Goodman 2006 Irrv Grantor TrOrganization | Indirect Ownership Interest | 11% | 02/28/2017 |
| South Dakota Trust Company, LLCOrganization | Indirect Ownership Interest | 17% | 02/28/2017 |
| Benson, RandallIndividual | Indirect Ownership Interest | 17% | 02/28/2017 |
| Salmen, ThomasIndividual | Indirect Ownership Interest | 17% | 02/28/2017 |
| Weichert, JamesIndividual | Indirect Ownership Interest | 17% | 02/28/2017 |
| Wilson, MarkIndividual | Indirect Ownership Interest | 17% | 02/28/2017 |
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
HUD's Office of Healthcare Programs lists these FHA-insured loans for a project we matched to this facility by name, city and bed count. Status, rate and balance come from HUD's insured-mortgage files as of September 30, 2026. Check the FHA number against the loan documents before relying on the match.
| Endorsed | Program | Original amount | Status | FHA number |
|---|---|---|---|---|
| Jan 31, 2022 | 223(f) refinance or purchaseHUD project name: Sabal Palms Health & Rehabilitat and Cypress Palms, 383 beds. Lender at endorsement: Jll Real Estate Capital, LLC | $29,427,000 | Active: 2.44%, $26,199,490 balanceMatures Feb 1, 2052. Servicer: Jll Real Estate Capital, LLC | 06322117 |
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.