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Who Owns The Terrace at Courtenay Springs in Merritt Island, Florida?

The Terrace at Courtenay Springs is a Medicare-certified skilled nursing facility in Merritt Island, Florida. WhoOwnsCare resolves the facility's operating organisation to WHEAT CHAFF LP, which controls 9 facilities across the markets we cover. The resolution is based on federal CMS ownership and enrollment records.

Ownership resolution: Structurally distinct

Facility Snapshot

CCN105463
Facility typeSkilled Nursing Facility
CityMerritt Island
CountyBrevard
StateFlorida
Certified beds80
CMS overall rating3 of 5
Ownership typeFor profit - Corporation
Corporate familyWHEAT CHAFF LP

Ownership Changes for The Terrace at Courtenay Springs

1 recorded change of ownership is on file for this facility; the most recent took effect 2022-09-30. The acquiring and prior entities, transaction types and complete history are part of the paid intelligence below.

Corporate Family

This facility is part of the WHEAT CHAFF LP corporate family. The complete portfolio mapping, related legal entities and transaction history are part of the paid intelligence below.

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Financial intelligence
MetricResult
Operating margin (latest HCRIS period)••••%
Occupancy of certified beds••••%
Medicaid share of resident days••••%
Agency cost per

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of employee salary
••••%
Financial trend (three periods)
Staffing intelligence
MetricResult
Nurse hours per resident day
RN hours per resident day
Annual nursing turnover
Health deficiencies on record
Distress analysis
ComponentScore
Distress 2.0 score (0–100) and six component values
Component contributions and source values behind the public band
Why this facility surfaced (evidence-based drivers)
Ownership & transaction context
FieldValue
Operating entity and owner of record
Ownership percentages and association dates
Change-of-ownership parties and dates

Available in the State Distress & Acquisition Radar and the State Ownership Dataset. Values are withheld in the free page, not absent from the data.

Wheat Chaff LP operates 9 facilities. The company dossier covers all of them: full ownership structure, every recorded transaction, financial reporting, staffing and distress analysis.

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Common Questions

Who Owns The Terrace at Courtenay Springs?

WhoOwnsCare resolves The Terrace at Courtenay Springs' ownership filings to WHEAT CHAFF LP (verified confidence).

Is The Terrace at Courtenay Springs Part of a Chain?

Yes. The Terrace at Courtenay Springs is one of 9 facilities associated with WHEAT CHAFF LP across the markets WhoOwnsCare currently covers.

Has The Terrace at Courtenay Springs Changed Ownership?

Yes — the most recent recorded change of ownership took effect 2022-09-30.

Ownership Relationships for The Terrace at Courtenay Springs

Operating family (who controls this facility)Wheat Chaff LP
Operating entityresolved (confidence moderate); the enrolled operating entity is named in the full report
Family resolution status (v1.0)confirmed
CMS affiliation entitySERENITY ESTATES (CMS evidence; separate from the operating family)
Legal corporate parentnone on file from integrated SEC/IRS evidence
Management companyno management-company candidate identified in CMS control roles
Property ownernot derivable from the public sources currently integrated
Lender / security interestsnone recorded

Each row is a different relationship. Operating control, CMS affiliation, legal parentage, management, property ownership and financing are recorded separately and never merged.

Ownership History and Financial Reporting

Recorded changes of ownership1 (latest 2022-09-30)
Latest cost-report period2024-01-01 to 2024-12-31 (366-day period)
Latest reported net resultnegative
Reporting periods on file2
Periods straddling an ownership change1 (never attributed to either party)

Exact reporting periods are preserved and never annualised. Operating expense, net income, utilisation and the full ownership-change history with buyer and seller are in the complete report.

Distress Summary

Distress 2.0 band: Watch Drivers: elevated health-deficiency count; negative financial performance in the latest attributed reporting period; ownership-transition activity (short reporting periods, straddled changes of ownership).

Bands summarise six documented components; the score and component values are in the paid report.

Related Research

Sources

CMS Medicare enrollment and ownership files, Care Compare provider information, Payroll Based Journal, Medicare cost reports (HCRIS), change of ownership records. Data vintage July–August 2026. Full methodology.