CCN 155649 · Owen County, Indiana
McCormick's Creek Rehabilitation and Healthcare
210 State Hwy 43, Spencer, IN 47460
McCormick's Creek Rehabilitation and Healthcare is a 87-bed for-profit nursing home in Spencer, Indiana, first certified for Medicare or Medicaid in 1998. CMS rates it 4 out of 5 stars overall in its September 2026 data, and it averaged 71.3 residents a day, about 82% of its certified beds. It has an active FHA-insured Section 232 loan: $9.4 million originally, at 2.69%, with $8.4 million outstanding as of September 30, 2026 and maturity in February 2052.
Facility facts
- Certified beds
- 87
- Average residents per day
- 71.3 (82.0% of beds)
- Ownership type
- For profit - Limited Liability company
- Certification
- Medicare and Medicaid
- Legal business name
- Major Hospital
- Certified since
- Jul 13, 1998
- Chain or affiliated group
- Castle Healthcare (6 facilities, chain average 2.8 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 | Indiana median | US median |
|---|---|---|---|
| Overall rating | 4 of 5 | State spread: 90 at 1, 99 at 2, 83 at 3, 113 at 4, 119 at 5 | |
| Health inspections | 4 of 5 | ||
| Quality measures | 5 of 5 | ||
| Staffing | 1 of 5 | ||
| Total nurse hours per resident per day | 2.76 | 3.55 | 3.68 |
| RN hours per resident per day | 0.42 | 0.60 | 0.58 |
| Weekend nurse hours per resident per day | 2.37 | ||
| Nursing staff turnover | 44.4% | 45.3% | 44.9% |
| Occupancy (residents / beds) | 82.0% | 78.6% | 85.7% |
| Fines reported by CMS | None | ||
| Health deficiencies, latest standard survey | 2 (Jan 14, 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). McCormick's Creek Rehabilitation and Healthcare meets that part today: 4 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 |
|---|---|---|---|
| Spencer Realty LLCOrganization | Mortgage Interest | n/a | 11/01/2020 |
| Spencer Rehabilitation and Healthcare Center LLCOrganization | Operational / Managerial Control | n/a | 11/01/2020 |
| Berdugo, ShaiIndividual | Operational / Managerial Control | n/a | 01/01/2023 |
| Hughes, EdwardIndividual | Operational / Managerial Control | n/a | 10/17/2022 |
Holders of a 5% or greater mortgage interest reported in the enrollment record: Spencer Realty 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
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 20, 2022 | 223(f) refinance or purchaseHUD project name: McCormick's Creek Rehabilitation and Healthcare Ce, 87 beds. Lender at endorsement: Merchants Capital Corp. | $9,422,700 | Active: 2.69%, $8,426,113 balanceMatures Feb 1, 2052. Servicer: Vium Capital Mortgage LLC | 07322337 |
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.