CCN 106102 · Sarasota County, Florida
Sarasota Point Rehabilitation Center
2600 Courtland Street, Sarasota, FL 34237
Sarasota Point Rehabilitation Center is a 120-bed for-profit nursing home in Sarasota, Florida, first certified for Medicare or Medicaid in 2013. CMS rates it 4 out of 5 stars overall in its September 2026 data, and it averaged 101.5 residents a day, about 85% of its certified beds. It has an active FHA-insured Section 232 loan: $7.7 million originally, at 4.28%, with $6.9 million outstanding as of September 30, 2026 and maturity in January 2054.
Facility facts
- Certified beds
- 120
- Average residents per day
- 101.5 (84.6% of beds)
- Ownership type
- For profit - Limited Liability company
- Certification
- Medicare and Medicaid
- Legal business name
- Sarasota Bay Rehabilitation Center, LLC
- Certified since
- Oct 24, 2013
- Chain or affiliated group
- Sovereign Healthcare Holdings (43 facilities, chain average 3.7 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 | 4 of 5 | State spread: 89 at 1, 143 at 2, 125 at 3, 156 at 4, 178 at 5 | |
| Health inspections | 3 of 5 | ||
| Quality measures | 5 of 5 | ||
| Staffing | 4 of 5 | ||
| Total nurse hours per resident per day | 3.47 | 3.63 | 3.68 |
| RN hours per resident per day | 0.78 | 0.62 | 0.58 |
| Weekend nurse hours per resident per day | 3.18 | ||
| Nursing staff turnover | 41.0% | 41.9% | 44.9% |
| Occupancy (residents / beds) | 84.6% | 92.2% | 85.7% |
| Fines reported by CMS | None | ||
| Health deficiencies, latest standard survey | 4 (Oct 24, 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). Sarasota Point Rehabilitation Center meets that part today: 4 stars overall, 3 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 |
|---|---|---|---|
| Berkadia Commercial Mortgage LLCOrganization | Security Interest | n/a | 09/23/2014 |
| Health Services Properties LLCOrganization | Security Interest | n/a | 01/04/2013 |
| Twenty Six Holdings, LLCOrganization | Security Interest | n/a | 01/01/2013 |
| Southern Healthcare Management LLCOrganization | Operational / Managerial Control | n/a | 01/01/2013 |
| Cronquist, RoyceIndividual | Operational / Managerial Control | n/a | 02/01/2018 |
| Kralik, ShadrickIndividual | Operational / Managerial Control | n/a | 03/03/2025 |
| Mangine, JohnIndividual | Operational / Managerial Control | n/a | 06/25/2012 |
| Melton, DonaldIndividual | Operational / Managerial Control | n/a | 02/15/2009 |
| Morrow, KimberlyIndividual | Operational / Managerial Control | n/a | 11/27/2024 |
| Notermann, WilliamIndividual | Operational / Managerial Control | n/a | 01/01/2025 |
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 |
|---|---|---|---|---|
| Dec 20, 2018 | 223(f) refinance or purchaseHUD project name: Millennium - Sarasota Point Rehabilitation Center, 120 beds. Lender at endorsement: Berkadia Commercial Mortgage LLC | $7,735,200 | Active: 4.28%, $6,868,968 balanceMatures Jan 1, 2054. Servicer: Berkadia Commercial Mortgage | 06722232 |
| Mar 23, 2017 | 223(f) refinance or purchaseHUD project name: Tarpon Point Nursing & Rehabilitation Center, 114 beds. Lender at endorsement: Berkadia Commercial Mortgage LLC | $2,558,700 | Ended Sep 30, 2021Prepayment | 06722151 |
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.