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Nursing homes owned by Morgan Stanley Institutional Advisors LLC
The CMS ownership file lists Morgan Stanley Institutional Advisors LLC with an ownership interest in 40 certified nursing homes with 4,780 beds in Tennessee (24), Missouri (5), South Carolina (3), Alabama (2), Georgia (2), North Carolina (2), Kentucky (1), Virginia (1).
CMS ownership and Care Compare data as of September 1, 2026
What the ownership file says
CMS lists Morgan Stanley Institutional Advisors LLC as a indirect owner of 40 homes. Its earliest ownership association date on file is November 8, 2024, the latest November 8, 2024.
An indirect owner holds its stake through another company. Owners are listed by the homes themselves when they enroll in Medicare and Medicaid; the file names owners with a 5% or greater stake and the companies with control over operations.
CMS also groups these homes into the chain National Healthcare Corporation (40).
The homes' record in brief
40 of the 40 homes have a CMS overall rating, averaging 3.8 stars against a national average of 3. 40 are for profit, 0 nonprofit; 35 are certified for Medicaid.
Across the inspections on file the homes carry 487 health citations; 48 citations were rated actual harm or immediate jeopardy, 19 immediate jeopardy. At their latest standard inspections they averaged 2.7 health deficiencies (national 9.2).
16 homes were fined in the last three years, $1,031,277 across 23 fines. Average nursing staff turnover was 47.5% (national 45.8%).
Staffing at these homes, January to March 2026
| Hours per resident per day | These homes | United States |
|---|---|---|
| All nursing staff | 3.80 | 3.75 |
| Registered nurses | 0.67 | 0.62 |
| Weekdays | 3.99 | 3.92 |
| Weekends | 3.36 | 3.33 |
| Share of nursing hours by contract staff | 0.0% | 5.3% |
Daily payroll records of 40 homes, summed. Weekends ran 16% below weekdays. Source: CMS Payroll Based Journal Daily Nurse Staffing.
Every home it owns
| Home | City | State | Role in the CMS file | Share | Overall | Citations | Fines |
|---|---|---|---|---|---|---|---|
| NHC Healthcare, Anniston | Anniston | AL | Indirect owner, since November 2024 | 2 | 10 | $11,057 | |
| NHC Healthcare, Moulton | Moulton | AL | Indirect owner, since November 2024 | 5 | 6 | ||
| NHC Healthcare Ft Oglethorpe | Fort Oglethorpe | GA | Additional disclosable party; Indirect owner, since November 2024 | 5 | 12 | $16,530 | |
| NHC Healthcare Rossville | Rossville | GA | Indirect owner, since November 2024 | 2 | 15 | $57,077 | |
| NHC Healthcare, Glasgow | Glasgow | KY | Indirect owner, since November 2024 | 2 | 16 | $4,017 | |
| NHC Healthcare, Kennett | Kennett | MO | Indirect owner, since November 2024 | 5 | 11 | ||
| Macon Health Care Center | Macon | MO | Indirect owner, since November 2024 | 5 | 21 | ||
| Osage Beach Rehabilitation and Health Care Center | Osage Beach | MO | Indirect owner, since November 2024 | 2 | 34 | $123,674 | |
| Springfield Rehabilitation & Health Care Center | Springfield | MO | Indirect owner, since November 2024 | 5 | 28 | ||
| NHC Healthcare, West Plains | West Plains | MO | Indirect owner, since November 2024 | 5 | 9 | ||
| White Oak Manor - Burlington | Burlington | NC | Indirect owner, since November 2024 | 2 | 23 | $137,472 | |
| White Oak Manor-Shelby | Shelby | NC | Indirect owner, since November 2024 | 2 | 18 | $42,972 | |
| White Oak Manor - Charleston | Charleston | SC | Additional disclosable party; Indirect owner, since November 2024 | 4 | 6 | $8,788 | |
| White Oak Manor - Spartanburg | Spartanburg | SC | Indirect owner, since November 2024 | 4 | 7 | ||
| White Oak Manor - York | York | SC | Indirect owner, since November 2024 | 3 | 7 | ||
| NHC Healthcare, Athens | Athens | TN | Indirect owner, since November 2024 | 5 | 8 | ||
| NHC Healthcare, Chattanooga | Chattanooga | TN | Indirect owner, since November 2024 | 4 | 10 | ||
| NHC Healthcare, Columbia | Columbia | TN | Indirect owner, since November 2024 | 4 | 6 | ||
| NHC-Maury Regional Transitional Care Center | Columbia | TN | Indirect owner, since November 2024 | 5 | 7 | ||
| NHC Healthcare, Dickson | Dickson | TN | Indirect owner, since November 2024 | 5 | 6 | ||
| NHC Healthcare, Franklin | Franklin | TN | Indirect owner, since November 2024 | 2 | 9 | $62,491 | |
| NHC Place at Cool Springs | Franklin | TN | Indirect owner, since November 2024 | 4 | 8 | ||
| NHC Place Sumner | Gallatin | TN | Indirect owner, since November 2024 | 5 | 7 | ||
| NHC Healthcare, Hendersonville | Hendersonville | TN | Indirect owner, since November 2024 | 3 | 16 | $16,153 | |
| NHC Healthcare, Johnson City | Johnson City | TN | Indirect owner, since November 2024 | 5 | 1 | ||
| NHC Healthcare, Kingsport | Kingsport | TN | Indirect owner, since November 2024 | 5 | 3 | ||
| Holston Health & Rehabilitation Center | Knoxville | TN | Indirect owner, since November 2024 | 5 | 6 | ||
| NHC Healthcare, Farragut | Knoxville | TN | Indirect owner, since November 2024 | 5 | 14 | ||
| NHC Healthcare, Ft Sanders | Knoxville | TN | Indirect owner, since November 2024 | 3 | 21 | $9,770 | |
| NHC Healthcare, Knoxville | Knoxville | TN | Indirect owner, since November 2024 | 3 | 11 | ||
| NHC Healthcare, Lewisburg | Lewisburg | TN | Indirect owner, since November 2024 | 3 | 20 | $217,240 | |
| Adamsplace, LLC | Murfreesboro | TN | Indirect owner, since November 2024 | 3 | 9 | ||
| Heartland | Nashville | TN | Indirect owner, since November 2024 | 5 | 23 | $7,901 | |
| NHC Place at the Trace | Nashville | TN | Indirect owner, since November 2024 | 5 | 13 | ||
| NHC Healthcare, Pulaski | Pulaski | TN | Indirect owner, since November 2024 | 3 | 7 | ||
| NHC Healthcare, Smithville | Smithville | TN | Indirect owner, since November 2024 | 3 | 9 | $228,511 | |
| NHC Healthcare, Sparta | Sparta | TN | Indirect owner, since November 2024 | 3 | 7 | ||
| NHC Healthcare, Springfield | Springfield | TN | Indirect owner, since November 2024 | 2 | 14 | $79,346 | |
| NHC Healthcare, Tullahoma | Tullahoma | TN | Indirect owner, since November 2024 | 3 | 13 | ||
| NHC Healthcare, Bristol | Bristol | VA | Indirect owner, since November 2024 | 5 | 16 | $8,278 |
Source: CMS Ownership, data as of September 1, 2026, as the homes reported it. Name spelling follows the file; spellings that differ only in punctuation are combined. Being listed as an owner is a fact of record, not a finding about care. Something wrong? Ask for a correction.
Staff pay reports
Staff pay at homes Morgan Stanley Institutional Advisors LLC owns
No staff pay figure at homes Morgan Stanley Institutional Advisors LLC owns has passed review yet. A figure appears only after at least 5 reports from at least 3 different people, sent over at least 60 days, have passed review, and, for a group, from at least 2 homes.
Official wage estimates, United States
| Job | Median | Middle half | Employed |
|---|---|---|---|
| Nursing care facilities | |||
| CNAs (nursing assistants) | $20.67 | $17.91 to $22.55 | 534,270 |
| LPNs and LVNs | $33.86 | $30.05 to $37.40 | 188,210 |
| Registered nurses | $41.11 | $37.85 to $47.68 | 142,270 |
| All employers | |||
| CNAs (nursing assistants) | $20.32 | $17.91 to $22.70 | 1,448,910 |
| LPNs and LVNs | $30.96 | $28.37 to $36.55 | 648,410 |
| Registered nurses | $46.90 | $38.62 to $54.02 | 3,379,720 |
Hourly wages; the middle half runs from the 25th to the 75th percentile. Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025. BLS has no separate estimate for medication aides.