CCN 375505 · Jackson County, Oklahoma
Magnolia Creek Skilled Nursing and Therapy
2610 Cedar Creek Drive, Altus, OK 73521
Magnolia Creek Skilled Nursing and Therapy is a 158-bed for-profit nursing home in Altus, Oklahoma, first certified for Medicare or Medicaid in 2006. CMS rates it 4 out of 5 stars overall in its September 2026 data, and it averaged 79.7 residents a day, about 50% of its certified beds. It has an active FHA-insured Section 232 loan: $7.9 million originally, at 5.34%, with $7.7 million outstanding as of September 30, 2026 and maturity in June 2058.
Facility facts
- Certified beds
- 158
- Average residents per day
- 79.7 (50.4% of beds)
- Ownership type
- For profit - Partnership
- Certification
- Medicare and Medicaid
- Legal business name
- Altus Operations, L L C
- Certified since
- Oct 13, 2006
- Chain or affiliated group
- Bridges Health (33 facilities, chain average 3.6 stars)
- Location
- Rural
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 | Oklahoma median | US median |
|---|---|---|---|
| Overall rating | 4 of 5 | State spread: 74 at 1, 66 at 2, 50 at 3, 56 at 4, 35 at 5 | |
| Health inspections | 4 of 5 | ||
| Quality measures | 3 of 5 | ||
| Staffing | 3 of 5 | ||
| Total nurse hours per resident per day | 3.64 | 3.68 | 3.68 |
| RN hours per resident per day | 0.32 | 0.31 | 0.58 |
| Weekend nurse hours per resident per day | 3.26 | ||
| Nursing staff turnover | 58.8% | 55.2% | 44.9% |
| Occupancy (residents / beds) | 50.4% | 64.6% | 85.7% |
| Fines reported by CMS | None | ||
| Health deficiencies, latest standard survey | 1 (Jan 28, 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). Magnolia Creek Skilled Nursing and Therapy 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 |
|---|---|---|---|
| Bridges Employee Stock Ownership TrustOrganization | Indirect Ownership Interest | 100% | 12/31/2020 |
| Orix Real Estate Capital LLCOrganization | Mortgage Interest | n/a | 05/01/2023 |
| Kenneth D. Greiner III Revocable TrustOrganization | Security Interest | n/a | 12/31/2020 |
| Deroin, KristyIndividual | Operational / Managerial Control | n/a | 01/01/2021 |
| Mahaney, JulieIndividual | Operational / Managerial Control | n/a | 07/01/2024 |
Holders of a 5% or greater mortgage interest reported in the enrollment record: Orix Real Estate Capital 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 |
|---|---|---|---|---|
| May 3, 2023 | 223(f) refinance or purchaseHUD project name: Magnolia Creek Skilled Nursing & Therapy, 158 beds. Lender at endorsement: Lument Real Estate Capital, LLC | $7,944,000 | Active: 5.34%, $7,668,672 balanceMatures Jun 1, 2058. Servicer: Lument Real Estate Capital | 11722052 |
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.