North Triangle News

As of the fourth quarter of 2023, Franklin Oaks Nursing and Rehabilitation Center was owned by Principle It Services, Inc. and Principle Long Term Care, Inc., according to Centers for Medicare and Medicaid Services (CMS). The nursing home, located in Franklin County, has been owned by Principle It Services, Inc. and Principle Long Term Care, Inc. since Jan. 1, 2011.

Franklin Oaks Nursing and Rehabilitation Center is registered as a for-profit facility.

During that period, the nursing home had an overall rating of three from the CMS, which is higher than the average of 2.6 recorded for nursing homes in North Carolina. CMS ratings evaluate nursing homes based on critical aspects such as health inspection outcomes, staffing levels, and the quality of care provided to residents.

According to the data, Franklin Oaks Nursing and Rehabilitation Center aided an average of 125.9 residents per day during the fourth quarter of 2023, with a total of 166 beds available. Currently, the nursing home is not located within a hospital.

As of the fourth quarter of 2023, Franklin Oaks Nursing and Rehabilitation Center spent a total of $17,076 in two fines and suffered two penalties.

In total, there were two for-profit nursing homes in Franklin County, North Carolina.

According to US Census data, in 2020, nearly 1 in 6 Americans were aged 65 years or older. Since 1920, the older population skyrocketed from 4.9 million to 55.8 million, reflecting a growth rate of roughly 1,000%, five times higher than the average growth for the overall U.S. population.

A 2021 study suggests that nearly half of this age group, roughly 28 million individuals, may require long-term services and support. Additionally, the study projects that over a third of them may eventually need nursing home care.

“Living a long life is something that many of us want and could get,” said Jesse Slome, executive director of the American Association for Long-Term Care Insurance, an insurance education group. “But when we live a long life, the chances of us needing long-term care increase exponentially. But when you need that type of care, there are limited options.”

Nursing Home	Owner	Ownership Type	Overall Rating	Avg. No. of Residents per day
Franklin Oaks Nursing and Rehabilitation Center	Principle It Services, Inc. and Principle Long Term Care, Inc.	For profit - Limited Liability company	3	125.9
Louisburg Healthcare and Rehabilitation Center	Liberty Healthcare Group, LLC	For profit - Limited Liability company	1	71.5