Paramount Care Centers

What Paramount Care Centers does

Paramount Care Centers is a private, founder-operated operator of post-acute rehabilitation and skilled nursing facilities headquartered in Lakewood, New Jersey. Founded in 2007 by Abraham Kraus, the company operates 14 facilities with over 2,000 licensed beds across New York, New Jersey, Pennsylvania, and Florida, serving medically complex patients who require specialized recovery and clinical care following hospitalization. Its service portfolio spans four integrated lines: post-acute rehabilitation (orthopedic, cardiac, stroke, neurological, pulmonary, and therapy programs), high-acuity care (tracheostomy, wound care, dialysis, oncology, psychiatric, and hospice services), memory and cognitive care (secured units for Alzheimer's and dementia), and long-term care.

The company's core operational differentiator is its proprietary FLASH Model, a clinical framework built on five pillars: Functional outcomes, Length of Stay disciplined care, Advanced equipment, Superior clinical care, and Hospital readmission reduction. This framework is deployed uniformly across all 14 facilities, standardizing care delivery and serving as the unifying platform for clinical operations. Revenue is generated through patient service delivery, paid primarily via Medicare, Medicaid, private insurance, and private pay, with the company reporting occupancy above 50% across the network. Patient acquisition is driven by hospital referrals, insurance network participation, physician referrals, and direct admissions.

Paramount Care Centers is founder-controlled and privately held, with no disclosed external investors or parent holding company. Its leadership team includes COO Michael Czermak (since 2017) and CFO Shimon Stern, alongside regional VPs overseeing operations across New Jersey, Pennsylvania, and Florida, plus dedicated functional leadership for clinical reimbursement, marketing, purchasing, and HR. Reported operational advantages include clinical reimbursement systems that have increased facility profits by nearly 50% and added an average of $1.5 million in additional revenue per facility. The company also operates The Paramount Promise, a community outreach initiative that extends the brand beyond facility walls through seasonal programs.

Name

Paramount Care Centers

Legal name

Paramount Care Centers

Website

https://paramountcarecenters.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Paramount Care Centers operates 14 post-acute rehabilitation and skilled nursing facilities with 2,000+ licensed beds across New York, New Jersey, Pennsylvania, and Florida, serving medically complex patients under its proprietary FLASH Model clinical framework.

Ownership category

akta.pro rank

Product category

Post-Acute Rehabilitation & Skilled Nursing

NAICS

Nursing Care Facilities (Skilled Nursing Facilities) (623110), Nursing and Residential Care Facilities (623), Nursing Care Facilities (Skilled Nursing Facilities) (62311), Nursing Care Facilities (Skilled Nursing Facilities) (6231)

SIC

Services-Skilled Nursing Care Facilities (8051), Services-Nursing & Personal Care Facilities (8050)

akta.pro primary industry

Long-Term Care Rehabilitation Centers (HLAFAFAD)

akta.pro secondary industries

Long-Term Care Nursing Homes (Custodial LTC) (HLADADAB), Subacute Care Facilities (HLAFAFAE)

Keywords

• Post-acute rehabilitation
• Skilled nursing facilities
• Memory care services
• High-acuity care
• Nursing home operations

Headquarters

HQ city

Lakewood

HQ country

United States

HQ region

North America

Offices15 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Healthcare Services Revenue: Revenue generated from providing post-acute rehabilitation and skilled nursing services. Income derives from Medicare, Medicaid, private insurance, and private pay patients across 14 facilities with 2,000+ licensed beds.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Paramount Care Centers operates a regional network of 14 post-acute rehabilitation and skilled nursing facilities providing rehabilitation therapy, high-acuity medical care, memory and cognitive care, and long-term skilled nursing services to medically complex patients across New York, New Jersey, Pennsylvania, and Florida. Care delivery is standardized through the proprietary FLASH Model clinical framework, supporting managed-care relationships and high-acuity case management across 2,000+ licensed beds.

Product overview

Paramount Care Centers operates a unified network of 14 post-acute rehabilitation and skilled nursing facilities across New York, New Jersey, Pennsylvania, and Florida, offering over 2,000 licensed beds. The company's core service portfolio centers on its proprietary FLASH Model clinical framework—a proprietary methodology that unifies all facilities around five pillars: Functional outcomes, Length of Stay disciplined care, Advanced equipment, Superior clinical care, and Hospital readmission reduction. This platform is augmented by four integrated service lines: Post-Acute Rehabilitation Services (orthopedic, cardiac, neurological, pulmonary, and therapy programs), High-Acuity Care Services (tracheostomy, wound care, dialysis, oncology, psychiatric, and hospice care), Memory & Cognitive Care Services (Alzheimer's, dementia, and secured memory units), and The Paramount Promise community outreach initiative. All facilities operate under a unified clinical standard while maintaining individual facility identities.

Differentiator

Problem solved

Functional benefit

Products and services

• Post-Acute Rehabilitation Services Rehabilitation therapy and recovery services for patients transitioning from acute hospital care, delivered across the network's skilled nursing facilities. Intended for medically complex adults requiring physical, occupational, or speech therapy following hospitalization.
• High-Acuity Skilled Nursing Services Skilled nursing care for medically complex, high-acuity patients who require closer clinical oversight than typical nursing home settings, including complex wound care, IV therapy, and post-surgical recovery. Marketed to discharge planners and managed-care payers under the FLASH Model framework.
• Memory & Cognitive Care Services Specialized care for residents with memory impairment, dementia, and other cognitive conditions, delivered in dedicated units within skilled nursing facilities. Targeted at families and discharge planners seeking secure, structured cognitive care settings.
• Long-Term Skilled Nursing & Nursing Home Care Residential skilled nursing and nursing home care for long-stay residents who require ongoing medical and personal support beyond short-term rehabilitation.

Quantifiable outcome

• Optimized functional outcomes through FLASH Model clinical framework
• +2 more outcomes

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Five Star Senior Living: Operates senior living and skilled nursing facilities across multiple states, with a focus on rehabilitation and dementia care — a comparable post-acute and residential care operator with overlapping service mix.
• Genesis Healthcare: One of the largest U.S. skilled nursing and post-acute rehabilitation operators with hundreds of facilities across multiple states. Directly comparable in service mix (SNF, rehab, high-acuity nursing) and patient population, though at substantially larger scale.
• Centers Health Care: Operates a multi-state network of skilled nursing and rehabilitation facilities across the Northeast and other states, with a focus on post-acute and long-term care — a NY/NJ-based regional operator highly comparable to Paramount's footprint.
• Consulate Health Care: Operates a multi-state network of skilled nursing and post-acute rehabilitation facilities with a comparable high-acuity service line (ventilator, wound care, dementia care) — a direct peer in SNF operations and patient population.
• National HealthCare Corporation: Operates a multi-state network of skilled nursing and assisted living facilities with a focus on post-acute and rehabilitation services — comparable in service line, patient acuity, and operational model.
• PACS Group: Post-acute and skilled nursing operator with a multi-state platform and a focus on operational standardization and clinical quality — closely comparable to Paramount's 14-facility, four-state SNF model with proprietary clinical framework.
• The Ensign Group: Operates a large national network of skilled nursing and post-acute rehabilitation facilities, many of which are operated under a standard operating model across multiple states — directly comparable to Paramount's multi-state SNF platform with the FLASH Model.

Broad incumbents

• Encompass Health: Operates the largest network of inpatient rehabilitation hospitals in the U.S. and provides post-acute home health — a broader incumbent in post-acute care, comparable in clinical rehabilitation focus and patient acuity but at materially larger scale.
• Brookdale Senior Living: Largest U.S. senior living operator with a broader portfolio spanning independent living, assisted living, memory care, and skilled nursing — comparable in elder-care service breadth and patient population, though with a more diversified offering.

Regional players

• CareOne: Operates skilled nursing and assisted living facilities concentrated in New Jersey and the Northeast — a direct regional comparable to Paramount's NY/NJ/PA footprint, with overlapping post-acute and rehabilitation service offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Paramount.Care.Centers
• LinkedInlinkedin.com/company/paramount-care-centers

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paramount Care Centers