CCN 155661 · Owen County, Indiana
Owen Valley Rehabilitation and Healthcare Center
920 W Highway 46, Spencer, IN 47460
Owen Valley Rehabilitation and Healthcare Center is a 113-bed nonprofit nursing home in Spencer, Indiana, first certified for Medicare or Medicaid in 1999. CMS rates it 4 out of 5 stars overall in its September 2026 data, and it averaged 76.5 residents a day, about 68% 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
- 113
- Average residents per day
- 76.5 (67.7% of beds)
- Ownership type
- Non profit - Corporation
- Certification
- Medicare and Medicaid
- Legal business name
- Putnam County Hospital
- Certified since
- Apr 13, 1999
- 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 | 3.08 | 3.55 | 3.68 |
| RN hours per resident per day | 0.42 | 0.60 | 0.58 |
| Weekend nurse hours per resident per day | 2.79 | ||
| Nursing staff turnover | 55.7% | 45.3% | 44.9% |
| Occupancy (residents / beds) | 67.7% | 78.6% | 85.7% |
| Fines reported by CMS | None | ||
| Health deficiencies, latest standard survey | 3 (Feb 23, 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). Owen Valley Rehabilitation and Healthcare Center 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 |
|---|---|---|---|
| Putnam County HospitalOrganization | Direct Ownership Interest | 100% | 05/01/2015 |
| Owen Valley Realty LLCOrganization | Mortgage Interest | n/a | 09/01/2022 |
| Clayshire LLCOrganization | Operational / Managerial Control | n/a | 01/01/2023 |
| Lt Care Acquisition CorpOrganization | Operational / Managerial Control | n/a | 09/01/2022 |
| Owen Valley Rehabilitation and Healthcare Center, LLCOrganization | Operational / Managerial Control | n/a | 05/01/2015 |
| Berdugo, ShaiIndividual | Operational / Managerial Control | n/a | 01/01/2023 |
| Footman, TanequaIndividual | Operational / Managerial Control | n/a | 02/17/2025 |
| Nerone, JamesIndividual | Operational / Managerial Control | n/a | 09/01/2022 |
| Weatherford, DennisIndividual | Operational / Managerial Control | n/a | 09/18/2012 |
| Wells, Barbara DianeIndividual | Operational / Managerial Control | n/a | 09/01/2022 |
Holders of a 5% or greater mortgage interest reported in the enrollment record: Owen Valley 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
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.